KKR Real Estate Finance Trust Inc (NYSE:KREF) price on Friday, August 02, fall -3.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.04.
A look at the stock’s price movement, the close in the last trading session was $11.45. The PE ratio in trailing twelve months stood at 53.88. Turning to its 52-week performance, $14.12 and $8.71 were the 52-week high and 52-week low respectively. Overall, KREF moved 21.19% over the past month.
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KKR Real Estate Finance Trust Inc’s market cap currently stands at around $765.40 million. The company has a Forward Dividend ratio of 1.36, with its dividend yield at 12.32%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 37.97M for the company’s revenue for the quarter, with a low and high estimate of 36M and 40M respectively. The average forecast suggests down to a -11.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 154.87M, representing a -14.70% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KREF is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 3.11, with KREF’s current price about 6.46% and 13.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.01, while 7-day volatility ratio is 2.33% and 2.93% in the 30-day chart. Further, KKR Real Estate Finance Trust Inc (KREF) has a beta value of 1.02, and an average true range (ATR) of 0.32.
If we refocus on KKR Real Estate Finance Trust Inc (NYSE:KREF), historical trading data shows that trading volumes averaged 504.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 69.31 million shares.
The 16.08% of KKR Real Estate Finance Trust Inc’s shares are in the hands of company insiders while institutional holders own 57.06% of the company’s shares. Current price change has pushed the stock -16.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KREF stock continues to rise going into the next quarter.
