KKR Real Estate Finance Trust Inc (NYSE:KREF) Sees Large Increase in Short Interest

WINTON GROUP Ltd boosted its holdings in KKR Real Estate Finance Trust by 170.1% in the 2nd quarter. WINTON GROUP Ltd now owns 50,588 …

KKR Real Estate Finance Trust logoKKR Real Estate Finance Trust Inc (NYSE:KREF) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,491,900 shares, a growth of 5.1% from the April 30th total of 1,419,700 shares. Based on an average daily volume of 227,700 shares, the short-interest ratio is currently 6.6 days. Currently, 5.2% of the shares of the company are sold short.

Several hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in KKR Real Estate Finance Trust by 64.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,591 shares of the company’s stock valued at $111,000 after buying an additional 2,181 shares during the last quarter. Wiley BROS. Aintree Capital LLC boosted its holdings in KKR Real Estate Finance Trust by 4.6% in the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 23,984 shares of the company’s stock worth $478,000 after buying an additional 1,060 shares during the period. WINTON GROUP Ltd boosted its holdings in KKR Real Estate Finance Trust by 170.1% in the 2nd quarter. WINTON GROUP Ltd now owns 50,588 shares of the company’s stock worth $1,008,000 after buying an additional 31,862 shares during the period. First Trust Advisors LP boosted its holdings in KKR Real Estate Finance Trust by 290.6% in the 1st quarter. First Trust Advisors LP now owns 187,127 shares of the company’s stock worth $3,746,000 after buying an additional 139,220 shares during the period. Finally, Marshall Wace LLP bought a new position in KKR Real Estate Finance Trust in the 1st quarter worth approximately $576,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

A number of research firms recently commented on KREF. JMP Securities cut TIER REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. TheStreet upgraded WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.60.

Shares of NYSE:KREF traded up $0.06 during trading on Friday, reaching $20.14. 223,424 shares of the stock were exchanged, compared to its average volume of 256,411. KKR Real Estate Finance Trust has a 12 month low of $18.54 and a 12 month high of $21.41. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.34 and a beta of 0.18. The company’s 50-day moving average is $20.15. The company has a debt-to-equity ratio of 2.48, a quick ratio of 394.01 and a current ratio of 394.01.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. KKR Real Estate Finance Trust had a return on equity of 9.52% and a net margin of 41.89%. The company had revenue of $64.75 million during the quarter, compared to analysts’ expectations of $31.70 million. On average, analysts anticipate that KKR Real Estate Finance Trust will post 1.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.54%. The ex-dividend date is Thursday, June 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 89.58%.

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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