KKR Real Estate Finance Trust (KREF) Stock Price, News & Analysis

Company Overview

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

Key Stats

• Today's Range: $10.21 to $10.60
• 50-Day Range: $10.31 to $12.06
• 52-Week Range: $8.71 to $14.10
• Volume: 2.24 million shs
• Average Volume: 524,936 shs
• Market Capitalization: $727.73 million
• P/E Ratio: N/A
• Dividend Yield: 9.56%
• Price Target: $12.75
• Consensus Rating: Buy

KKR Real Estate Finance Trust Stock Analysis - MarketRank™

KKR Real Estate Finance Trust scored higher than 78% of companies evaluated by MarketBeat, and ranked 299th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

KKR Real Estate Finance Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

KKR Real Estate Finance Trust has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -15.00%

Earnings Growth

Earnings for KKR Real Estate Finance Trust are expected to decrease by -15.00% in the coming year, from $1.40 to $1.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of KKR Real Estate Finance Trust is -34.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of KKR Real Estate Finance Trust is -34.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

KKR Real Estate Finance Trust has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.72% of the outstanding shares of KKR Real Estate Finance Trust have been sold short.

Short Interest Ratio / Days to Cover

KKR Real Estate Finance Trust has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

KKR Real Estate Finance Trust is a leading dividend payer. It pays a dividend yield of 9.22%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

KKR Real Estate Finance Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, KKR Real Estate Finance Trust will have a dividend payout ratio of 84.03% in the coming year. This indicates that KKR Real Estate Finance Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.16

Percentage of Shares Shorted

1.72% of the outstanding shares of KKR Real Estate Finance Trust have been sold short.

Short Interest Ratio / Days to Cover

KKR Real Estate Finance Trust has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

News and Social Media

• Score: 3.1 / 5
• News Sentiment: N/A

News Sentiment

KKR Real Estate Finance Trust has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for KKR Real Estate Finance Trust this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for KREF on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added KKR Real Estate Finance Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, KKR Real Estate Finance Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of KKR Real Estate Finance Trust is held by insiders.

Percentage Held by Institutions

70.23% of the stock of KKR Real Estate Finance Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KREF Stock Analysis - Frequently Asked Questions

How have KREF shares performed this year?

KKR Real Estate Finance Trust's stock was trading at $13.23 at the beginning of 2024. Since then, KREF shares have decreased by 20.9% and is now trading at $10.46.
View the best growth stocks for 2024 here.

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 Monday, October, 21st. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. The company earned $140.15 million during the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a trailing twelve-month return on equity of 9.46% and a net margin of 0.40%.

When did KKR Real Estate Finance Trust IPO?

KKR Real Estate Finance Trust (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 served as the underwriters for the IPO and Barclays, Goldman, Sachs, J.P. Morgan and Keefe, Bruyette & Woods (A Stifel Company) were co-managers.

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

Top institutional shareholders of KKR Real Estate Finance Trust include State Street Corp (3.13%), Azora Capital LP (2.35%), Geode Capital Management LLC (1.95%) and Charles Schwab Investment Management Inc. (1.04%). Insiders that own company stock include Reft Holdings LP Kkr, Matthew A Salem, W Patrick Mattson and Christen EJ Lee.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of KKR Real Estate Finance Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that KKR Real Estate Finance Trust investors own include Tesla (TSLA), NVIDIA (NVDA), Walmart (WMT), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Home Depot (HD) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/21/2024
• Today: 12/21/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:KREF
• Previous Symbol: NASDAQ:KREF
• CUSIP: N/A
• CIK: 1631596
• Web: www.kkrreit.com
• Phone: (212) 750-8300
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.75
• High Stock Price Target: $14.00
• Low Stock Price Target: $11.50
• Potential Upside/Downside: +21.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.30)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.47
• P/E Growth: N/A
• Net Income: $-30,850,000.00
• Net Margins: 0.40%
• Pretax Margin: 0.34%
• Return on Equity: 9.46%
• Return on Assets: 1.86%

Debt

• Debt-to-Equity Ratio: 3.75
• Current Ratio: 277.63
• Quick Ratio: 277.63

Sales & Book Value

• Annual Sales: $164.97 million
• Price / Sales: 4.41
• Cash Flow: $2.06 per share
• Price / Cash Flow: 5.08
• Book Value: $20.26 per share
• Price / Book: 0.52

Miscellaneous

• Outstanding Shares: 69,573,000
• Free Float: 68,738,000
• Market Cap: $727.73 million
• Optionable: Optionable
• Beta: 0.98