KKR Real Estate Finance Trust (KREF)

• Market cap: $742M
• 1 day: -0.55%
• 5 days: 0.84%
• 1 month: -3.57%
• 3 months: -6.09%
• 6 months: -12.20%
• Year to date: 5.78%
• 1 year: 6.19%
• 5 years: -33.94%
• 10 years: -51.20%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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 Q4 regulatory filings by fund managers ($100M+ AUM)

45% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 44

8% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 24

1% less funds holding

Funds holding: 172 [Q3] → 170 (-2) [Q4]

1.28% less ownership

Funds ownership: 74.16% [Q3] → 72.88% (-1.28%) [Q4]

19% less capital invested

Capital invested by funds: $635M [Q3] → $513M (-$123M) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]

56% less call options, than puts

Call options by funds: $1.16M | Put options by funds: $2.62M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10.50 3% downside
• Avg. target: $11.92 10% upside
• High target: $13 20% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Citizens Capital Markets Chris Muller 56% 1-year accuracy 5 / 9 met price target	20% upside $13	Market Outperform Reiterated	26 Feb 2025
JP Morgan Richard Shane 63% 1-year accuracy 39 / 62 met price target	3% downside $10.50	Overweight Maintained	21 Jan 2025
Keefe, Bruyette & Woods Jade Rahmani 44% 1-year accuracy 15 / 34 met price target	13% upside $12.25	Outperform Maintained	14 Jan 2025