KKR Real Estate Finance TrustKREF
Market Cap: $875M
About: KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estates, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
49% more call options, than puts
Call options by funds: $629K | Put options by funds: $422K
4% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 48
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1.39% less ownership
Funds ownership: 72.11% [Q1] → 70.72% (-1.39%) [Q2]
5% less funds holding
Funds holding: 155 [Q1] → 148 (-7) [Q2]
12% less capital invested
Capital invested by funds: $507M [Q1] → $448M (-$59.3M) [Q2]
24% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 29
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Wells Fargo Donald Fandetti 78% 1-year accuracy 18 / 23 met price target | 11%upside $14 | Overweight Maintained | 20 Sept 2024 |
Raymond James Stephen Laws 50% 1-year accuracy 9 / 18 met price target | 11%upside $14 | Outperform Maintained | 19 Sept 2024 |
Keefe, Bruyette & Woods Jade Rahmani 81% 1-year accuracy 22 / 27 met price target | 3%upside $13 | Outperform Upgraded | 5 Sept 2024 |
Keefe, Bruyette & Woods Jade Rahmani 81% 1-year accuracy 22 / 27 met price target | 9%downside $11.50 | Market Perform Maintained | 30 Jul 2024 |
BTIG Thomas Catherwood 50% 1-year accuracy 2 / 4 met price target | 9%downside $11.50 | Buy Assumed | 19 Jul 2024 |
Financial journalist opinion
Based on 4 articles about KREF published over the past 30 days