KKR Real Estate Finance Trust (KREF)

• Market cap: $766M
• 1 day: -0.54%
• 5 days: -0.54%
• 1 month: 0.45%
• 3 months: 8.46%
• 6 months: -10.59%
• Year to date: 9.21%
• 1 year: 11.95%
• 5 years: -28.39%
• 10 years: -49.62%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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 6% downside
• Avg. target: $11.92 7% upside
• High target: $13 17% 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	17% upside $13	Market Outperform Reiterated	26 Feb 2025
JP Morgan Richard Shane 66% 1-year accuracy 41 / 62 met price target	6% downside $10.50	Overweight Maintained	21 Jan 2025
Keefe, Bruyette & Woods Jade Rahmani 42% 1-year accuracy 14 / 33 met price target	10% upside $12.25	Outperform Maintained	14 Jan 2025