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

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our KREF earnings forecast.

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.

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.

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.

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).

(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.

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

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

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.

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.