About KKR Real Estate Finance Trust (NYSE:KREF)
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds. The Company's investment strategy is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets. Its target assets also include mezzanine loans, preferred equity and other debt-oriented instruments. The Company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:KREF
CUSIPN/A
Phone212-750-8300
Debt
Debt-to-Equity Ratio0.91%
Current Ratio1,807.17%
Quick Ratio1,807.17%
Price-To-Earnings
Trailing P/E Ratio16.23
Forward P/E Ratio12.38
P/E Growth2.5
Sales & Book Value
Annual Sales$83.14 million
Price / Sales12.67
Cash Flow$1.0175 per share
Price / Cash19.46
Book Value$19.73 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.22
Net Income$59.06 million
Net Margins71.04%
Return on Equity5.77%
Return on Assets0.80%
Miscellaneous
EmployeesN/A
Outstanding Shares53,190,000
KKR Real Estate Finance Trust (NYSE:KREF) Frequently Asked Questions
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."
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 declared a quarterly dividend on Monday, March 12th. Investors of record on Thursday, March 29th will be given a dividend of $0.40 per share on Friday, April 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date is Wednesday, March 28th. This is an increase from KKR Real Estate Finance Trust's previous quarterly dividend of $0.37. View KKR Real Estate Finance Trust's Dividend History.
How were KKR Real Estate Finance Trust's earnings last quarter?
KKR Real Estate Finance Trust Inc (NYSE:KREF) announced its quarterly earnings data on Wednesday, February, 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by $0.01. The company earned $28.39 million during the quarter, compared to analysts' expectations of $23.83 million. KKR Real Estate Finance Trust had a return on equity of 5.77% and a net margin of 71.04%. View KKR Real Estate Finance Trust's Earnings History.
When is KKR Real Estate Finance Trust's next earnings date?
What price target have analysts set for KREF?
5 analysts have issued 12-month price objectives for KKR Real Estate Finance Trust's stock. Their forecasts range from $21.50 to $23.00. On average, they expect KKR Real Estate Finance Trust's stock price to reach $22.1667 in the next twelve months. View Analyst Ratings for KKR Real Estate Finance Trust.
Who are some of KKR Real Estate Finance Trust's key competitors?
Some companies that are related to KKR Real Estate Finance Trust include JBG Smith (JBGS), Apple Hospitality REIT (APLE), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), Life Storage (LSI), EPR Properties (EPR), HRPT Properties Trust (EQC), Gramercy Property Trust (GPT), Senior Housing Properties Trust (SNH), Cousins Properties (CUZ), RLJ Lodging Trust (RLJ), CoreSite (COR), First Industrial Realty Trust (FR), LaSalle Hotel Properties (LHO) and Healthcare Realty Trust (HR).
Who are KKR Real Estate Finance Trust's key executives?
KKR Real Estate Finance Trust's management team includes the folowing people:
- Ralph F. Rosenberg, Chairman of the Board (Age 52)
- Christen E.J. Lee, Co-President, Co-Chief Executive Officer (Age 38)
- Matthew A. Salem, Co-President, Co-Chief Executive Officer (Age 43)
- William B. Miller, Chief Financial Officer, Treasurer (Age 36)
- W. Patrick Mattson, Chief Operating Officer, Secretary (Age 43)
- Terrance R. Ahern, Director Nominee (Age 61)
- R. Craig Blanchard, Director Nominee (Age 43)
- Todd A. Fisher, Director (Age 51)
- Jonathan A. Langer, Director Nominee (Age 47)
- Deborah H. McAneny, Director Nominee (Age 58)
When did KKR Real Estate Finance Trust IPO?
(KREF) raised $210 million in an initial public offering (IPO) 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.
Has KKR Real Estate Finance Trust been receiving favorable news coverage?
News headlines about KREF stock have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KKR Real Estate Finance Trust earned a media sentiment score of 0.41 on Accern's scale. They also gave news stories about the company an impact score of 45.77 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
How do I buy shares of KKR Real Estate Finance Trust?
Shares of KREF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KKR Real Estate Finance Trust's stock price today?
One share of KREF stock can currently be purchased for approximately $19.80.
How big of a company is KKR Real Estate Finance Trust?
KKR Real Estate Finance Trust has a market capitalization of $1.06 billion and generates $83.14 million in revenue each year. The company earns $59.06 million in net income (profit) each year or $1.22 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 company can be reached via phone at 212-750-8300 or via email at [email protected]
MarketBeat Community Rating for KKR Real Estate Finance Trust (KREF)
MarketBeat's community ratings are surveys of what our community members think about KKR Real Estate Finance Trust and other stocks. Vote "Outperform" if you believe KREF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KREF will underperform the S&P 500 over the long term. You may vote once every thirty days.
KKR Real Estate Finance Trust (NYSE:KREF) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for KKR Real Estate Finance Trust in the last 12 months. Their average twelve-month price target is $22.1667, suggesting that the stock has a possible upside of 11.95%. The high price target for KREF is $23.00 and the low price target for KREF is $21.50. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.20 | 2.20 | 2.25 | 2.00 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.1667 | $22.1667 | $22.50 | $22.75 |
| Price Target Upside: | 11.95% upside | 10.56% upside | 14.85% upside | 8.38% upside |
KKR Real Estate Finance Trust (NYSE:KREF) Consensus Price Target History
KKR Real Estate Finance Trust (NYSE:KREF) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
KKR Real Estate Finance Trust (NYSE:KREF) Dividend Information
KKR Real Estate Finance Trust pays an annual dividend of $1.60 per share, with a dividend yield of 8.08%. KREF's most recent quarterly dividend payment was Friday, April 13. KKR Real Estate Finance Trust pays out 131.15% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.60 |
| Dividend Yield: | 8.08% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 131.15% (Trailing 12 Months of Earnings)
100.00% (Based on This Year's Estimates)
89.39% (Based on Next Year's Estimates)
|
KKR Real Estate Finance Trust (NYSE:KREF) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/12/2018 | Quarterly | $0.40 | 7.89% | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 12/14/2017 | Quarterly | $0.37 | 7.12% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/14/2017 | quarterly | $0.37 | 6.95% | 9/28/2017 | 9/30/2017 | 10/12/2017 |
| 6/16/2017 | Annual | $0.25 | | 6/28/2017 | 6/30/2017 | 7/14/2017 |
(Data available from 1/1/2013 forward)
KKR Real Estate Finance Trust (NYSE KREF) News Headlines
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KKR Real Estate Finance Trust (NYSE:KREF) SEC Filings
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KKR Real Estate Finance Trust (NYSE:KREF) Income Statement, Balance Sheet and Cash Flow Statement
KKR Real Estate Finance Trust (NYSE KREF) Stock Chart for Thursday, April, 26, 2018
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