Streetbeat News

KREF

KKR Real Estate Finance Trust Inc.

https://www.kkrreit.com

Industry

REIT - Mortgage

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

Open

11.45

Mkt cap

800M

Volume

238K

High

11.51

P/E Ratio

-39.66

52-wk high

14.12

Low

11.32

Div yield

0.10

52-wk low

8.71

JMP Securities has maintained a Market Outperform rating on KKR Real Estate Finance (NYSE:KREF) and raised its price target from $12.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:16 pm

Raymond James analyst Stephen Laws maintains an Outperform rating on KKR Real Estate Finance (NYSE:KREF) but lowers the price target from $14 to $13.5.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 2:27 pm

KKR Real Estate Finance (NYSE:KREF) reported Q3 2024 earnings per share of $0.37, surpassing the analyst estimate of $0.34. However, sales were $37.005 million, missing the $37.867 million estimate and marking a 17.05% decline from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:22 pm

KKR Real Estate Finance (NYSE:KREF) is set to announce its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.34. The company's past performance shows significant stock price movements following earnings announcements, with a notable 14.57% increase after the last quarter's EPS beat. Investors are keenly awaiting the results and guidance.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 6:23 pm

KKR Real Estate Finance (NYSE:KREF) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.34. In the previous quarter, KREF beat EPS estimates, resulting in a significant share price increase. Investors are hopeful for positive results and guidance.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 6:21 pm

KKR Real Estate Finance (NYSE:KREF) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.34. The company's past performance shows significant stock price movements following earnings announcements, with a notable 14.57% increase after beating EPS estimates last quarter. Investors are keenly awaiting the results and guidance, which could impact stock prices.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 6:19 pm

KKR Real Estate Finance (NYSE:KREF) is set to announce its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.34. The company previously beat EPS estimates, resulting in a significant share price increase. Investors are optimistic about potential positive guidance.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 6:17 pm

KKR Real Estate Finance (NYSE:KREF) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.34. Investors are keen on not just an earnings beat but also positive future guidance. Last quarter, KREF beat EPS by $0.09, leading to a 14.57% share price increase. Shares are currently trading at $12.0, up 19.43% over the past year.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 3:01 pm

Analysts have recently evaluated KKR Real Estate Finance (NYSE:KREF), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $12.9, with a high of $14.00 and a low of $11.50. Analysts from JP Morgan, Wells Fargo, Raymond James, and Keefe, Bruyette & Woods have raised their ratings and price targets. Despite a negative revenue trend, KREF shows strong profitability and effective cost control.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 3:01 pm

JP Morgan analyst Richard Shane has maintained an Overweight rating on KKR Real Estate Finance (NYSE:KREF) and raised the price target from $11.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 2:19 pm

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