KKR Financial Holdings LLC (NYSE:KFN)‘s stock had its “marketperform” rating restated by analysts at FBR Capital Markets in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. They currently have a $12.00 price target on the stock, up from their previous price target of $10.50. FBR Capital Markets’ target price would indicate a potential upside of 10.40% from the stock’s previous close.
A number of other analysts have also recently weighed in on KFN. 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.50.
Shares of KKR Financial Holdings LLC (NYSE:KFN) traded down 6.72% during mid-day trading on Thursday, hitting $10.14. 6,637,750 shares of the company’s stock traded hands. KKR Financial Holdings LLC has a 1-year low of $8.92 and a 1-year 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 $2.070 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 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 8.10%.
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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