KKR Real Estate Finance Trust Inc. (NYSE:KREF) traded at a new 52-week high today of $21.86. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 631,000 shares.
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by CRE assets. Its investment strategy is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with strong underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit, and hedge funds. The company investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.
KKR Real Estate Finance Trust Inc. share prices have moved between a 52-week high of $21.86 and a 52-week low of $14.76 and are now trading 48% above that low price at $21.81 per share.
Based on a current price of $21.81, KKR Real Estate Finance Trust Inc. is currently 53.7% above its average consensus analyst price target of $10.10.
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