KKR Real Estate Finance Trust Inc. (NYSE:KREF) traded today at a new 52-week high of $23.09. Approximately 165,000 shares have changed hands today, as compared to an average 30-day volume of 647,000 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.
Over the past year, KKR Real Estate Finance Trust Inc. has traded in a range of $14.76 to $23.09 and is now at $23.01, 56% above that low.
KKR Real Estate Finance Trust Inc. (NYSE:KREF) defies analysts with a current price ($23.01) 54.0% above its average consensus price target of $10.59.
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