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

6 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 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KREF shares.
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6 brokerages have issued 12 month price objectives for KKR Real Estate Finance Trust's stock. Their KREF share price forecasts range from $16.00 to $22.00. On average, they expect the company's share price to reach $19.17 in the next year. This suggests a possible upside of 68.3% from the stock's current price.
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KKR Real Estate Finance Trust's stock was trading at $13.96 at the beginning of the year. Since then, KREF stock has decreased by 18.4% and is now trading at $11.39.
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KKR Real Estate Finance Trust saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,790,000 shares, an increase of 8.1% from the February 28th total of 2,580,000 shares. Based on an average daily trading volume, of 487,200 shares, the days-to-cover ratio is presently 5.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our KREF earnings forecast.

KKR Real Estate Finance Trust Inc. (NYSE:KREF) released its quarterly earnings results on Monday, July, 25th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. KKR Real Estate Finance Trust had a net margin of 11.40% and a trailing twelve-month return on equity of 8.15%. During the same period last year, the company earned $0.54 EPS.

KKR Real Estate Finance Trust declared a quarterly dividend on Friday, March 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.43 per share on Friday, April 14th. This represents a $1.72 annualized dividend and a dividend yield of 15.10%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for KREF.

ETFs with the largest weight of KKR Real Estate Finance Trust (NYSE:KREF) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), VanEck Mortgage REIT Income ETF (MORT), Global SuperDividend US ETF (DIV), iShares Mortgage Real Estate ETF (REM), GraniteShares HIPS US High Income ETF (HIPS), Global X SuperDividend ETF (SDIV), Hoya Capital High Dividend Yield ETF (RIET) and Invesco S&P SmallCap Low Volatility ETF (XSLV).

KKR Real Estate Finance Trust (NYSE:KREF) pays an annual dividend of $1.72 per share and currently has a dividend yield of 15.30%. KREF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 688.00%. 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 90.53% 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 $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 variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (2.71%), Stephens Inc. AR (1.57%), Geode Capital Management LLC (1.55%), JRM Investment Counsel LLC (0.93%), Millennium Management LLC (0.65%) and Charles Schwab Investment Management Inc. (0.62%). 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 $11.39.

KKR Real Estate Finance Trust (NYSE:KREF) has a market capitalization of $787.05 million and generates $185.87 million in revenue each year. The company earns $38.10 million in net income (profit) each year or $0.25 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.