KKR Financial Holdings LLC (NYSE:KFN) declared a quarterly dividend on Wednesday, October 23rd, Analyst Ratings Net reports. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.22 per share on Wednesday, November 20th. This represents a $0.88 dividend on an annualized basis and a yield of 8.10%.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of KKR Financial Holdings LLC from $24.00 to $25.00 in a research note to investors on Tuesday, October 15th. They now have a “buy” rating on the stock. On a related note, analysts at Credit Suisse cut their price target on shares of KKR Financial Holdings LLC from $22.00 to $21.00 in a research note to investors on Monday, October 14th. They now have a “neutral” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of KKR Financial Holdings LLC in a research note to investors on Friday, September 13th. They set an “overweight” rating and a $12.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.83.
KKR Financial Holdings LLC (NYSE:KFN) traded down 0.28% on Wednesday, hitting $10.87. 1,575,745 shares of the company’s stock traded hands. 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 $2.219 billion and a price-to-earnings ratio of 5.97.
KKR Financial Holdings LLC (NYSE:KFN) last announced its earnings results on Wednesday, October 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.20. The company had revenue of $128.70 million for the quarter, compared to the consensus estimate of $143.40 million. 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.
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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