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NYSE:KREF

KKR Real Estate Finance Trust (KREF) Stock Price, News & Analysis

$9.14
-0.29 (-3.08%)
(As of 05/29/2024 ET)
Today's Range
$9.11
$9.33
50-Day Range
$9.14
$10.27
52-Week Range
$9.09
$14.12
Volume
537,753 shs
Average Volume
570,712 shs
Market Capitalization
$633.49 million
P/E Ratio
N/A
Dividend Yield
10.94%
Price Target
$11.82

KKR Real Estate Finance Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
29.3% Upside
$11.82 Price Target
Short Interest
Healthy
2.22% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.16
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-15.04%
From $1.33 to $1.13 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.67 out of 5 stars

Finance Sector

373rd out of 874 stocks

Real Estate Investment Trusts Industry

59th out of 171 stocks

KREF stock logo

About KKR Real Estate Finance Trust Stock (NYSE:KREF)

KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.

KREF Stock Price History

KREF Stock News Headlines

KKR Real Estate Finance Trust Inc. (KREF)
KREF Mar 2024 10.000 call
KKR Real Estate Finance Trust Inc (KREF)
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Last Earnings
4/23/2024
Today
5/29/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Previous Symbol
NASDAQ:KREF
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.82
High Stock Price Target
$15.00
Low Stock Price Target
$9.75
Potential Upside/Downside
+29.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-30,850,000.00
Pretax Margin
-1.45%

Debt

Sales & Book Value

Annual Sales
$640.41 million
Cash Flow
$2.17 per share
Book Value
$19.91 per share

Miscellaneous

Free Float
68,205,000
Market Cap
$633.49 million
Optionable
Optionable
Beta
0.97
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Key Executives

  • Mr. Matthew A. Salem (Age 50)
    CEO & Director
  • Mr. W. Patrick Mattson C.F.A. (Age 50)
    COO & President
  • Ms. Kendra L. Decious (Age 59)
    CFO & Treasurer
    Comp: $673.64k
  • Mr. Vincent J. Napolitano (Age 42)
    General Counsel & Secretary
  • Mr. Jack Switala
    Principal, Capital Markets & Head of Investor Relations
  • Mr. Joel Traut
    Partner & Head of Originations
  • Mr. Turner Trapp
    Principal of Real Estate
  • Mr. Paul Fine
    Managing Director Real Estate
  • Mr. Duncan Chalfant
    Principal of Real Estate
  • Mr. Andrew Palmieri
    Principal of Real Estate

KREF Stock Analysis - Frequently Asked Questions

Should I buy or sell KKR Real Estate Finance Trust stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KKR Real Estate Finance Trust in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KREF shares.
View KREF analyst ratings
or view top-rated stocks.

What is KKR Real Estate Finance Trust's stock price target for 2024?

6 analysts have issued 12-month price targets for KKR Real Estate Finance Trust's stock. Their KREF share price targets range from $9.75 to $15.00. On average, they predict the company's stock price to reach $11.82 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
View analysts price targets for KREF
or view top-rated stocks among Wall Street analysts.

How have KREF shares performed in 2024?

KKR Real Estate Finance Trust's stock was trading at $13.23 on January 1st, 2024. Since then, KREF shares have decreased by 30.9% and is now trading at $9.14.
View the best growth stocks for 2024 here
.

Are investors shorting KKR Real Estate Finance Trust?

KKR Real Estate Finance Trust saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,500,000 shares, an increase of 9.5% from the April 15th total of 1,370,000 shares. Based on an average trading volume of 683,600 shares, the days-to-cover ratio is currently 2.2 days.
View KKR Real Estate Finance Trust's Short Interest
.

When is KKR Real Estate Finance Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our KREF earnings forecast
.

How were KKR Real Estate Finance Trust's earnings last quarter?

KKR Real Estate Finance Trust Inc. (NYSE:KREF) released its quarterly earnings results on Tuesday, April, 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive trailing twelve-month return on equity of 10.38%. During the same quarter in the previous year, the company posted $0.48 earnings per share.

How often does KKR Real Estate Finance Trust pay dividends? What is the dividend yield for KKR Real Estate Finance Trust?

KKR Real Estate Finance Trust announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for KREF
.

Is KKR Real Estate Finance Trust a good dividend stock?

KKR Real Estate Finance Trust (NYSE:KREF) pays an annual dividend of $1.00 per share and currently has a dividend yield of 10.47%. KREF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for KREF.

What ETFs hold KKR Real Estate Finance Trust's stock?
What other stocks do shareholders of KKR Real Estate Finance Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other KKR Real Estate Finance Trust investors own include New Residential Investment (NRZ), AT&T (T), Kinder Morgan (KMI), Energy Transfer (ET), AGNC Investment (AGNC), Medical Properties Trust (MPW), Starwood Property Trust (STWD), Enterprise Products Partners (EPD) and Hercules Capital (HTGC).

When did KKR Real Estate Finance Trust IPO?

KKR Real Estate Finance Trust (KREF) raised $210 million in an initial public offering on Friday, May 5th 2017. The company issued 10,000,000 shares at $20.50-$21.50 per share. Wells Fargo Securities, Morgan Stanley and KKR acted as the underwriters for the IPO and Barclays, Goldman, Sachs, J.P. Morgan and Keefe, Bruyette & Woods (A Stifel Company) were co-managers.

Who are KKR Real Estate Finance Trust's major shareholders?

KKR Real Estate Finance Trust's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.30%), Mirae Asset Global Investments Co. Ltd. (3.10%), Principal Financial Group Inc. (0.50%), Van ECK Associates Corp (0.39%), Significant Wealth Partners LLC (0.37%) and BI Asset Management Fondsmaeglerselskab A S (0.31%). Insiders that own company stock include Christen EJ Lee, Matthew A Salem, Reft Holdings LP Kkr and W Patrick Mattson.
View institutional ownership trends
.

How do I buy shares of KKR Real Estate Finance Trust?

Shares of KREF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KREF) was last updated on 5/29/2024 by MarketBeat.com Staff

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