Value Spn-Kref Holdin Tactical Sells 31,564 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock

KKR Real Estate Finance Trust Inc. (NYSE:KREF) major shareholder Value Spn-Kref Holdin Tactical sold 31,564 shares of the business’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $18.62, for a total transaction of $587,721.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Value Spn-Kref Holdin Tactical also recently made the following trade(s):

  • On Thursday, February 18th, Value Spn-Kref Holdin Tactical sold 4,111 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.50, for a total transaction of $76,053.50.
  • On Wednesday, December 9th, Value Spn-Kref Holdin Tactical sold 1,371 shares of KKR Real Estate Finance Trust stock. The shares were sold at an average price of $18.67, for a total transaction of $25,596.57.
  • On Monday, December 7th, Value Spn-Kref Holdin Tactical sold 27,566 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.53, for a total value of $510,797.98.

NYSE:KREF opened at $18.50 on Tuesday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 406.74 and a current ratio of 406.74. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $6.84 and a fifty-two week high of $21.70. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 20.56 and a beta of 0.67. The stock has a fifty day moving average price of $17.98 and a 200-day moving average price of $17.77.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Monday, February 15th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). KKR Real Estate Finance Trust had a net margin of 21.07% and a return on equity of 10.30%. Research analysts predict that KKR Real Estate Finance Trust Inc. will post 1.96 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Wolfe Research started coverage on KKR Real Estate Finance Trust in a research report on Friday, November 6th. They issued a “market perform” rating for the company. BTIG Research began coverage on KKR Real Estate Finance Trust in a report on Tuesday, February 2nd. They set a “buy” rating and a $19.50 price target for the company. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of KKR Real Estate Finance Trust from a “neutral” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Tuesday, February 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $19.50.

Several hedge funds have recently modified their holdings of the business. Proffitt & Goodson Inc. acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $63,000. BNP Paribas Arbitrage SA lifted its stake in KKR Real Estate Finance Trust by 161.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,123 shares of the company’s stock valued at $118,000 after purchasing an additional 4,398 shares during the last quarter. Citigroup Inc. grew its stake in shares of KKR Real Estate Finance Trust by 190.4% during the fourth quarter. Citigroup Inc. now owns 7,782 shares of the company’s stock worth $139,000 after buying an additional 5,102 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of KKR Real Estate Finance Trust by 12.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,000 shares of the company’s stock worth $182,000 after buying an additional 1,200 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at $195,000. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. The company engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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