KKR Real Estate Finance Trust (KREF)

• Market cap: $728M
• 1 day: 1.45%
• 5 days: -7.92%
• 1 month: -8.73%
• 3 months: -17.05%
• 6 months: 11.63%
• Year to date: -20.70%
• 1 year: -23.26%
• 5 years: -49.35%
• 10 years: -52.73%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

2,806% more call options, than puts

Call options by funds: $13.7M | Put options by funds: $473K

147% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 15

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

38% more capital invested

Capital invested by funds: $454M [Q2] → $629M (+$175M) [Q3]

15% more funds holding

Funds holding: 149 [Q2] → 171 (+22) [Q3]

14% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 50

1.69% more ownership

Funds ownership: 71.68% [Q2] → 73.37% (+1.69%) [Q3]

Research analyst outlook

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

• Low target: $11.50 10% upside
• Avg. target: $12.67 21% upside
• High target: $13.50 29% upside

3 analyst ratings

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

JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target	10% upside $11.50	Overweight Maintained	9 Dec 2024
JMP Securities Steven Delaney 63% 1-year accuracy 12 / 19 met price target	24% upside $13	Market Outperform Maintained	30 Oct 2024
Raymond James Stephen Laws 24% 1-year accuracy 4 / 17 met price target	29% upside $13.50	Outperform Maintained	23 Oct 2024