At the time of writing, KKR Real Estate Finance Trust Inc [KREF] stock is trading at $9.85, up 1.03%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KREF shares have gain 1.44% over the last week, with a monthly amount drifted -19.53%, and not seem to be holding up well over a long-time horizon.
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On 6, February 2024, KKR Real Estate Finance Trust Inc. Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its fourth quarter and full year 2023 results, which have been posted to the Investor Relations section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations.
From an analyst’s perspective:
Previously, JMP Securities upgraded its rating to Mkt Outperform on April 28, 2021, and kept the price target unchanged to $21.50. On February 09, 2021, upgrade upgraded it’s rating to Overweight but maintained its price target of $19 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $19.50 on February 03, 2021. Wolfe Research initiated its recommendation with a Peer Perform. Citigroup downgraded its rating to Neutral for this stock on September 17, 2020, and upped its price target to $18. In a note dated March 26, 2020, Citigroup upgraded an Buy rating on this stock.
For the past year, the stock price of KKR Real Estate Finance Trust Inc fluctuated between $9.09 and $14.40. Currently, Wall Street analysts expect the stock to reach $23.5 within the next 12 months. KKR Real Estate Finance Trust Inc [NYSE: KREF] shares were valued at $9.85 at the most recent close of the market. An investor can expect a potential return of 138.58% based on the average KREF price forecast.
Analyzing the KREF fundamentals
According to KKR Real Estate Finance Trust Inc [NYSE:KREF], the company’s sales were 660.19M for trailing twelve months, which represents an 14.46% jump. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.68 points at the first support level, and at 9.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.95, and for the 2nd resistance point, it is at 10.06.
KKR Real Estate Finance Trust Inc [KREF] reported earnings per share of -$0.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.48 and a surprise factor of -436.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.25 per share as compared to estimates of $0.22 per share, a difference of $0.03 representing a surprise of 13.60%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 0.49.
Transactions by insiders
Recent insider trading involved Salem Matthew A, Chief Executive Officer, that happened on Feb 08 when 26000.0 shares were purchased. President and COO, Mattson W Patrick completed a deal on Feb 08 to buy 10000.0 shares. Meanwhile, Director Lee Christen E.J. bought 10000.0 shares on May 12.
