KKR Real Estate Finance Trust Inc CEO Matthew Salem Acquires 26,000 Shares
KKR Real Estate Finance Trust Inc (NYSE:KREF) CEO Matthew Salem has recently increased his stake in the company. According to a SEC Filing dated 2024-02-08, the insider purchased 26,000 shares of the company's stock.KKR Real Estate Finance Trust Inc is a real estate finance company that primarily originates and acquires senior loans secured by commercial real estate assets. The company's investment strategy aims to generate attractive risk-adjusted returns through a combination of dividends and capital appreciation.Over the past year, Matthew Salem has been actively participating in the market, with a total of 51,000 shares purchased and no shares sold. This recent transaction further solidifies the insider's commitment to the company.
The insider transaction history for KKR Real Estate Finance Trust Inc shows a pattern of insider confidence. In the past year, there have been 5 insider buys and no insider sells. This could be indicative of the insiders' belief in the company's future prospects.Shares of KKR Real Estate Finance Trust Inc were trading at $9.72 on the day of the insider's purchase, giving the company a market cap of $672.344 million.
The stock's price-to-GF-Value ratio stands at 0.48, with a GF Value of $20.45. This valuation suggests that KKR Real Estate Finance Trust Inc is currently categorized as a Possible Value Trap, Think Twice, according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
