“KKR Financial Corporation (KFN) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and feeble growth in the company’s earnings per share.”
,” the firm’s analyst commented.
Shares of KKR Financial Holdings LLC traded up 1.20% during mid-day trading on Wednesday, hitting $11.2226. KKR Financial Holdings LLC has a 52 week low of $7.95 and a 52 week high of $11.93. The stock’s 50-day moving average is currently $11.19. The company has a market cap of $1.997 billion and a P/E ratio of 5.93.
The company also recently declared a special dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.05 per share. This represents a yield of 7.45%. The ex-dividend date of this dividend is Tuesday, March 12th.
Separately, analysts at Jefferies Group raised their price target on shares of KKR Financial Holdings LLC from $11.00 to $12.00 in a research note to investors on Wednesday, February 13th. They now have a hold rating on the stock.
Three equities research analysts have rated the stock with a buy rating, and one has issued a hold rating to the company. KKR Financial Holdings LLC has an average rating of overweight and a consensus price target of $12.50.
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