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NYSE:KREF

KKR Real Estate Finance Trust - KREF Stock Forecast, Price & News

$19.71
-0.12 (-0.61%)
(As of 08/17/2022 03:34 PM ET)
Add
Compare
Today's Range
$19.57
$19.81
50-Day Range
$16.82
$19.87
52-Week Range
$16.47
$23.40
Volume
8,583 shs
Average Volume
383,832 shs
Market Capitalization
$1.36 billion
P/E Ratio
10.37
Dividend Yield
8.66%
Price Target
$23.33

KKR Real Estate Finance Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.3% Upside
$23.33 Price Target
Short Interest
Healthy
2.67% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of KKR Real Estate Finance Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$82.92 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Finance Sector

364th out of 932 stocks

Real Estate Investment Trusts Industry

68th out of 197 stocks

KREF stock logo

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

KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities. 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.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF traded down $0.19 during trading hours on Wednesday, reaching $19.64. The stock had a trading volume of 1,675 shares, compared to its average volume of 383,832. The company has a debt-to-equity ratio of 3.57, a quick ratio of 430.34 and a current ratio of 430.34. KKR Real Estate Finance Trust has a 52 week low of $16.47 and a 52 week high of $23.40. The company has a 50 day moving average price of $18.35 and a two-hundred day moving average price of $19.62. The stock has a market capitalization of $1.36 billion, a PE ratio of 10.44 and a beta of 0.73.

KKR Real Estate Finance Trust (NYSE:KREF - Get Rating) last released its quarterly earnings data on Monday, July 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. KKR Real Estate Finance Trust had a return on equity of 7.74% and a net margin of 48.10%. During the same period in the prior year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.91 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend was Wednesday, June 29th. KKR Real Estate Finance Trust's payout ratio is 90.53%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their target price on KKR Real Estate Finance Trust to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th.

Insiders Place Their Bets

In other KKR Real Estate Finance Trust news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the sale, the insider now owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

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KREF Stock News Headlines

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KREF Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/17/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$23.33
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$137.18 million
Pretax Margin
48.24%

Debt

Sales & Book Value

Annual Sales
$165.51 million
Cash Flow
$1.56 per share
Book Value
$24.21 per share

Miscellaneous

Free Float
68,353,000
Market Cap
$1.36 billion
Optionable
Not Optionable
Beta
0.73

Key Executives

  • Mr. Matthew A. Salem (Age 48)
    CEO & Director
  • Mr. W. Patrick Mattson C.F.A. (Age 48)
    CFA, COO & Pres
  • Mr. Vincent J. Napolitano (Age 40)
    Gen. Counsel & Sec.
  • Ms. Kendra Decious (Age 57)
    CFO & Treasurer
  • Mr. Jack Switala
    Principal, Capital Markets & Head of Investor Relations
  • Mr. Joel Traut
    Partner & Head of Originations
  • Ms. Julia Butler
    Managing Director of Real Estate
  • Mr. Turner Trapp
    Principal of Real Estate
  • Mr. Robert Elson
    Principal of Real Estate
  • Mr. Paul Fine
    Managing Director Real Estate













KREF Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KKR Real Estate Finance Trust in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KREF shares.
View KREF analyst ratings
or view top-rated stocks.

What is KKR Real Estate Finance Trust's stock price forecast for 2022?

3 brokerages have issued 12 month target prices for KKR Real Estate Finance Trust's stock. Their KREF share price forecasts range from $22.00 to $25.00. On average, they predict the company's share price to reach $23.33 in the next twelve months. This suggests a possible upside of 17.7% 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 2022?

KKR Real Estate Finance Trust's stock was trading at $20.83 at the start of the year. Since then, KREF stock has decreased by 4.8% and is now trading at $19.83.
View the best growth stocks for 2022 here
.

Are investors shorting KKR Real Estate Finance Trust?

KKR Real Estate Finance Trust saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,850,000 shares, an increase of 10.1% from the July 15th total of 1,680,000 shares. Based on an average daily trading volume, of 740,800 shares, the days-to-cover ratio is currently 2.5 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, October 24th 2022.
View our KREF earnings forecast
.

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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) issued its quarterly earnings results on Monday, July, 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. KKR Real Estate Finance Trust had a trailing twelve-month return on equity of 7.74% and a net margin of 48.10%. During the same quarter in the previous year, the firm earned $0.54 EPS.

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 Wednesday, June 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.43 per share on Friday, July 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Wednesday, June 29th.
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 $1.72 per share and currently has a dividend yield of 8.66%. KREF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 90.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KREF will have a dividend payout ratio of 90.05% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KREF.

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?

(KREF) raised $210 million in an initial public offering on Friday, May 5th 2017. The company issued 10,000,000 shares at a price of $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.

What is KKR Real Estate Finance Trust's stock symbol?

KKR Real Estate Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "KREF."

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

KKR Real Estate Finance Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Kohlberg Kravis Roberts & Co. L.P. (14.44%), State Street Corp (2.45%), JPMorgan Chase & Co. (2.32%), Stephens Inc. AR (1.51%), JRM Investment Counsel LLC (1.02%) and Northern Trust Corp (1.01%). Insiders that own company stock include Christen EJ Lee, Kkr Group Partnership LP, Reft Holdings LP Kkr and Value Spn-Kref Holdin Tactical.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is KKR Real Estate Finance Trust's stock price today?

One share of KREF stock can currently be purchased for approximately $19.83.

How much money does KKR Real Estate Finance Trust make?

KKR Real Estate Finance Trust (NYSE:KREF) has a market capitalization of $1.37 billion and generates $165.51 million in revenue each year. The company earns $137.18 million in net income (profit) each year or $1.90 on an earnings per share basis.

How can I contact KKR Real Estate Finance Trust?

KKR Real Estate Finance Trust's mailing address is 9 WEST 57TH STREET SUITE 4200, NEW YORK NY, 10019. The official website for the company is www.kkrreit.com. The company can be reached via phone at (212) 750-8300 or via email at ir@kkr.com.

This page (NYSE:KREF) was last updated on 8/17/2022 by MarketBeat.com Staff

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