|Over a week ago|
KKR Real Estate Finance upgraded to Outperform from Market Perform at JMP Securities » 06:1504/2804/28/21
JMP Securities analyst…
JMP Securities analyst Steven DeLaney upgraded KKR Real Estate Finance to Outperform from Market Perform with a $21.50 price target. The company is successfully navigating the COVID headwinds that faced the CMREIT industry in 2020 thanks to the quality and composition of the loan portfolio that continued to provide a stable earnings base and dividend, the analyst tells investors in a research note.
KKR Real Estate Finance price target raised to $21.50 from $19.50 at BTIG » 14:5004/2704/27/21
BTIG analyst Timothy…
BTIG analyst Timothy Hayes raised the firm's price target on KKR Real Estate Finance to $21.50 from $19.50 and reiterates a Buy rating on the shares following the company's "strong" Q1 results. While asset yield compression and elevated repayments in the back-half of fiscal 2021 will weigh on earnings power, this will be somewhat offset by lower funding costs, Hayes tells investors in a research note. Further, KKR Real Estate's "strong" in-place coverage provides a "healthy cushion" for earnings power to decline without jeopardizing the 43c per share share dividend, adds the analyst.
KKR Real Estate Finance price target raised to $20 from $19 at JPMorgan » 07:3004/2604/26/21
JPMorgan analyst Charles…
JPMorgan analyst Charles Arestia raised the firm's price target on KKR Real Estate Finance to $20 from $19 and keeps an Overweight rating on the shares. The analyst adjusted target multiples higher across the commercial mortgage real estate investment sector into the Q1 reporting season to reflect "encouraging economic trends and improved origination outlooks."
|Over a month ago|
Citigroup to hold a virtual conference » 09:2903/0803/08/21
RYN, KREF, BXMT, RHP, MAA, SBAC, ESS, EQIX, CLNY, SBRA, NSA, AVB, COR, CONE
Global Property Virtual…
Global Property Virtual Conference will be held on March 8-11.
Fourteen new option listings and one option delisting on February 18th » 08:3002/1802/18/21
BBIG, BKYI, BMBL, BQ, FRX, KREF, OCDX, OCGN, PHIO, PIXY, RWLK, SGLB, VTOL, TNAV
New option listings for…
New option listings for February 18th include Vinco Ventures Inc (BBIG), Biokey International Inc (BKYI), Bumble Inc (Class A Stock) (BMBL), Boqii Holding Limited (Class A ADS) (BQ), Forest Road Acquisition Corp (Class A Stock) (FRX), KKR Real Estate Finance (KREF), Ortho Clinical Diagnostics PLC (OCDX), Ocugen Inc (OCGN), Phio Pharmaceuticals Corporation (PHIO), ShiftPixy Inc (PIXY), ReWalk Robotics (RWLK), Sigma Labs (SGLB), Roundhill Streaming Services & Technology ETF (SUBZ), and Bristow Group (VTOL). Option delistings effective February 18th include Telenav Inc (TNAV).
KKR Real Estate Finance upgraded to Overweight from Neutral at JPMorgan » 05:4202/0902/09/21
JPMorgan analyst Charles…
JPMorgan analyst Charles Arestia upgraded KKR Real Estate Finance Trust to Overweight from Neutral with a $19 price target.
|Over a quarter ago|
KKR Real Estate Finance initiated with a Buy at BTIG » 16:2502/0202/02/21
BTIG analyst Timothy…
BTIG analyst Timothy Hayes initiated coverage of KKR Real Estate Finance with a Buy rating and $19.50 price target. The analyst started the commercial mortgage real estate investment trust sector, saying that while headwinds exist to commercial real estate fundamentals, there are "several reasons to be constructive," especially with the sector trading at a discount to historical levels and offering "attractive" dividend yields at wide spreads to benchmark rates. Hayes views KKR Real Estate as "very well positioned" to face commercial real estate headwinds given its "strong" balance sheet, sponsorship from the broader KKR platform, and limited exposure to at-risk assets.
KKR Real Estate Finance initiated with a Peer Perform at Wolfe Research » 09:3111/0611/06/20
Wolfe Research analyst…
Wolfe Research analyst Matt Howlett initiated coverage of KKR Real Estate Finance with a Peer Perform rating and $17 price target. Howlett is launching coverage of the Mortgage Finance sector with a Market Overweight rating based on his expectation for increased consumer demand for housing amid low interest rates and Fed stimulus. He is starting the Commercial Mortgage Finance sector with a Market Underweight rating based on concerns around underlying property values, which could increase defaults.
KKR Real Estate Finance reports Q3 EPS 58c, consensus 44c » 16:1710/2610/26/20
Reports Q3 provision for…
Reports Q3 provision for credit losses ($126M). Reports Q3 net interest income $38.9M vs. $28.6M last year.
Fly Intel: Top five analyst downgrades » 10:2509/1709/17/20
CF, GD, NVCR, FNMA, KREF, FMCC
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CF Industries (CF) downgraded to Hold from Buy at HSBC. 2. General Dynamics (GD) double downgraded to Sell from Buy at Goldman Sachs with analyst Noah Poponak saying the company faces "incremental fundamental challenges" in each of its main business segments, which creates downside risk to consensus earnings expectations in the near-to-medium term. 3. Novocure (NVCR) downgraded to Hold from Buy at Truist with analyst Gregg Gilbert saying he remains bullish on the long-term platform potential of the Novocure story and that the risk/reward for the stock over the next 6-12 months has become more balanced after its recent run. 4. Fannie Mae (FNMA) and Freddie Mac (FMCC) were both downgraded to Sell from Hold at Odeon Capital. 5. KKR Real Estate Finance (KREF) downgraded to Neutral from Buy at Citi with analyst Arren Cyganovich saying the downgrade reflects the strong performance of the shares since lows reached in March of this year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage click here.