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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $33,000. US Bancorp DE lifted its stake in shares of KKR Real Estate Finance Trust by 392.5% during the 4th quarter. US Bancorp DE now owns 1,827 shares of the company’s stock valued at $37,000 after buying an additional 1,456 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $65,000. Bank of Montreal Can lifted its stake in shares of KKR Real Estate Finance Trust by 33.9% during the 4th quarter. Bank of Montreal Can now owns 3,660 shares of the company’s stock valued at $75,000 after buying an additional 926 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of KKR Real Estate Finance Trust by 179.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 5,430 shares of the company’s stock valued at $106,000 after buying an additional 3,490 shares in the last quarter. Institutional investors own 77.96% of the company’s stock.

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.

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