Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) traded today at $23.42, eclipsing its 52-week high. So far today approximately 128,000 shares have been exchanged, as compared to an average 30-day volume of 657,000 shares.
In the past 52 weeks, KKR Real Estate Finance Trust Inc. share prices are bracketed by a low of $14.76 and a high of $23.42 and is now at $23.09, 56% above that low price.
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. (NYSE:KREF) is currently priced 53.3% above its average consensus analyst price target of $10.79.
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