KKR Financial Holdings LLC Receives “MarketPerform” Rating from FBR Capital Markets (KFN)
KKR Financial Holdings LLC (NYSE:KFN)‘s stock had its “marketperform” rating reaffirmed by equities research analysts at FBR Capital Markets in a research note issued to investors on Thursday, American Banking and Market News reports. They currently have a $12.00 price objective on the stock, up from their previous price objective of $10.50. FBR Capital Markets’ price objective would indicate a potential upside of 18.69% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of KKR Financial Holdings LLC in a research note to investors on Thursday. They now have a $11.50 price target on the stock, down previously from $13.50. Separately, analysts at ING Group downgraded shares of KKR Financial Holdings LLC from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $10.50 price target on the stock, down previously from $12.00. Finally, analysts at FBR & Co. downgraded shares of KKR Financial Holdings LLC from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. KKR Financial Holdings LLC presently has a consensus rating of “Hold” and a consensus target price of $14.50.
Shares of KKR Financial Holdings LLC (NYSE:KFN) traded down 6.99% on Thursday, hitting $10.11. The stock had a trading volume of 8,536,667 shares. KKR Financial Holdings LLC has a 52-week low of $8.92 and a 52-week high of $11.93. The stock’s 50-day moving average is $10.3 and its 200-day moving average is $10.70. The company has a market cap of $2.064 billion and a price-to-earnings ratio of 5.95.
KKR Financial Holdings LLC (NYSE:KFN) last released its earnings data on Wednesday, October 23rd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.20. The company had revenue of $128.70 million for the quarter. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Monday, November 4th. This is a positive change from KKR Financial Holdings LLC’s previous quarterly dividend of $0.21.
KKR Financial Holdings LLC is a specialty finance company with focus in a range of asset classes. The Company invests in financial assets consisting primarily of below investment grade corporate debt, including senior secured and unsecured loans, mezzanine loans, high yield corporate bonds, distressed and stressed debt securities, marketable and non-marketable equity securities and credit default and total rate of return swaps.
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