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About KKR Real Estate Finance Trust (NYSE:KREF)
KKR Real Estate Finance Trust Inc., a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. It 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. The company was founded in 2014 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:KREF
CUSIPN/A
Phone212-750-8300
Debt
Debt-to-Equity Ratio1.22
Current Ratio1,447.29
Quick Ratio1,447.29
Price-To-Earnings
Trailing P/E Ratio16.75
Forward P/E Ratio12.24
P/E Growth2.45
Sales & Book Value
Annual Sales$83.14 million
Price / Sales13.04
Cash Flow$1.0220 per share
Price / Cash20.00
Book Value$19.80 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$1.22
Net Income$59.06 million
Net Margins70.71%
Return on Equity6.18%
Return on Assets0.91%
Miscellaneous
EmployeesN/A
Outstanding Shares53,060,000
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 announced a quarterly dividend on Monday, May 7th. Investors of record on Friday, June 29th will be paid a dividend of $0.43 per share on Friday, July 13th. This represents a $1.72 annualized dividend and a yield of 8.41%. The ex-dividend date is Thursday, June 28th. This is a positive change from KKR Real Estate Finance Trust's previous quarterly dividend of $0.40. 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 (NYSE:KREF) announced its quarterly earnings data on Wednesday, May, 9th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.01. The firm earned $31.69 million during the quarter, compared to analysts' expectations of $33.40 million. KKR Real Estate Finance Trust had a net margin of 70.71% and a return on equity of 6.18%. 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 brokerages 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 year. 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), Ryman Hospitality Properties (RHP), Life Storage (LSI), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ), Senior Housing Properties Trust (SNH), Cousins Properties (CUZ), LaSalle Hotel Properties (LHO), HRPT Properties Trust (EQC), Weingarten Realty (WRI), Uniti Group (UNIT), CoreSite (COR), Paramount Group (PGRE) and Sabra Health Care REIT (SBRA).
Who are KKR Real Estate Finance Trust's key executives?
KKR Real Estate Finance Trust's management team includes the folowing people:
- Mr. Christen E. J. Lee, Co-CEO & Co-Pres (Age 39)
- Mr. Matthew A. Salem, Co-CEO & Co-Pres (Age 44)
- Mr. W. Patrick Mattson, COO & Sec. (Age 44)
- Mr. Mostafa Nagaty, CFO & Treasurer (Age 40)
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.
Has KKR Real Estate Finance Trust been receiving favorable news coverage?
Media coverage about KREF stock has trended positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KKR Real Estate Finance Trust earned a media sentiment score of 0.42 on Accern's scale. They also gave media coverage about the company an impact score of 45.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are KKR Real Estate Finance Trust's major shareholders?
KKR Real Estate Finance Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Nuveen Asset Management LLC (2.03%), BlackRock Inc. (1.86%), Northern Trust Corp (0.29%), Schwab Charles Investment Management Inc. (0.11%), Schroder Investment Management Group (0.05%) and California State Teachers Retirement System (0.04%). Company insiders that own KKR Real Estate Finance Trust stock include Christen EJ Lee and Deborah H Mcaneny. View Institutional Ownership Trends for KKR Real Estate Finance Trust.
Which major investors are selling KKR Real Estate Finance Trust stock?
Which major investors are buying KKR Real Estate Finance Trust stock?
KREF stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Northern Trust Corp, Schroder Investment Management Group, Schwab Charles Investment Management Inc., Rhumbline Advisers, MetLife Investment Advisors LLC, California State Teachers Retirement System and The Manufacturers Life Insurance Company . Company insiders that have bought KKR Real Estate Finance Trust stock in the last two years include Christen EJ Lee and Deborah H Mcaneny. View Insider Buying and Selling for KKR Real Estate Finance Trust.
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 $20.44.
How big of a company is KKR Real Estate Finance Trust?
KKR Real Estate Finance Trust has a market capitalization of $1.09 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 8.45%. 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 | 2.00 | 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) | 1 Sell Rating(s)
2 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 | $22.50 |
| Price Target Upside: | 8.45% upside | 10.56% upside | 20.26% upside | 12.95% 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 5/25/2016 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 7.83%. KREF's next quarterly dividend payment will be made on Friday, July 13. KKR Real Estate Finance Trust pays out 131.15% of its earnings out as a dividend.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $1.60 |
| Dividend Yield: | 7.83% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 131.15% (Trailing 12 Months of Earnings)
95.81% (Based on This Year's Estimates)
90.40% (Based on Next Year's Estimates)
156.56% (Based on Cash Flow)
|
KKR Real Estate Finance Trust (NYSE:KREF) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/7/2018 | Quarterly | $0.43 | 8.64% | 6/28/2018 | 6/29/2018 | 7/13/2018 |
| 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) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 72.67%
KKR Real Estate Finance Trust (NYSE KREF) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/17/2018 | Christen E.J. Lee | CEO | Buy | 2,000 | $20.17 | $40,340.00 | |  |
| 11/14/2017 | Christen E.J. Lee | CEO | Buy | 12,000 | $19.99 | $239,880.00 | | |
| 10/10/2017 | Christen E.J. Lee | CEO | Buy | 251 | $21.37 | $5,363.87 | | |
| 8/15/2017 | Christen E.J. Lee | CEO | Buy | 17,100 | $19.95 | $341,145.00 | 36,957 | |
| 5/10/2017 | Deborah H Mcaneny | Director | Buy | 7,500 | $20.50 | $153,750.00 | 9,939 | |
(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 Friday, May, 25, 2018
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