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.

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KKR Real Estate Finance (KREF) reported Q1 2024 adjusted EPS of $0.39, surpassing the $0.34 estimate, but its sales of $39.144M fell short of the $43.683M forecast. This represents a 17.02% decrease in earnings and a 15.92% drop in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:41 pm

Numerous companies are scheduled to report their quarterly earnings on April 23, 2024, with expectations covering a wide range of performance indicators. Notable companies include RTX, MSCI, Quest Diagnostics, General Motors, Spotify Technology, PepsiCo, and Tesla, among others. The earnings reports span various industries from technology, healthcare, automotive, to consumer goods, indicating a significant day for investors to gauge corporate performance and market directions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 10:57 am

JP Morgan analyst Richard Shane maintains an Overweight rating on KKR Real Estate Finance (KREF) but lowers the price target from $11.5 to $10.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:54 pm

JP Morgan analyst Richard Shane maintains an Overweight rating on KKR Real Estate Finance (KREF) but lowers the price target from $12 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:50 pm

Wells Fargo analyst Donald Fandetti has maintained an Overweight rating on KKR Real Estate Finance (KREF) but lowered the price target from $12 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:44 pm

Container Store Group's shares fell by 23% due to weak quarterly results, missing both earnings and sales estimates. Other stocks showed significant movements, with MicroCloud Hologram Inc. leading gainers by 400% after announcing plans to join the Communications Industry Association. Glatfelter Corporation also saw a notable increase after a merger announcement with Berry Global. On the losing side, Snap Inc. dropped by 35.2% following mixed quarterly results, and Sunworks Inc. plummeted by 29.1% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 6:02 pm

KKR Real Estate Finance Trust's shares dropped following disappointing Q4 adjusted EPS results. JMP Securities kept a Market Outperform rating but reduced the price target from $14.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:40 pm

JMP Securities analyst Steven Delaney maintains a Market Outperform rating on KKR Real Estate Finance (KREF) but lowers the price target from $14.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:12 pm

Snap Inc. reported mixed Q4 results with a revenue miss and a weak Q1 revenue forecast, leading to a 31.3% drop in pre-market trading. Other stocks like fuboTV, Diversified Energy, New York Community Bancorp, Cognizant, KKR Real Estate Finance Trust, Nyxoah, V.F. Corporation, ePlus, Weibo, and Pinterest also saw pre-market declines due to various factors including earnings reports and credit downgrades.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 10:13 am

KKR Real Estate Finance (NYSE:KREF) reported Q4 earnings with an EPS of $-0.37, missing estimates by 436.36% and showing a revenue decrease of $5.42 million from the previous year. This performance contrasts with the previous quarter where KREF beat EPS estimates, leading to a 2.17% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:50 pm

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