KKR Real Estate Finance Trust Inc (NYSE:KREF) Short Interest Down 9.2% in January
KKR Real Estate Finance Trust Inc (NYSE:KREF) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 2,950,000 shares, a decline of 9.2% from the January 15th total of 3,250,000 shares. Based on an average daily trading volume, of 516,400 shares, the days-to-cover ratio is currently 5.7 days. Currently, 7.8% of the shares of the stock are sold short.
Shares of KREF traded up $0.02 during trading hours on Friday, reaching $21.39. 337,495 shares of the stock traded hands. KKR Real Estate Finance Trust has a 52-week low of $18.82 and a 52-week high of $21.48. The company’s 50-day moving average price is $20.88 and its two-hundred day moving average price is $20.04.
A number of research analysts recently weighed in on the stock. Compass Point assumed coverage on shares of KKR Real Estate Finance Trust in a research note on Monday, December 2nd. They set a “neutral” rating and a $20.50 target price on the stock. Zacks Investment Research cut shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research note on Saturday, February 1st.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.
Featured Story: Most Active Stocks: Dollar Volume vs Share Volume
Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.