Citigroup Maintains Neutral Rating for KKR Real Estate Finance: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of KKR Real Estate Finance KREF and lower its price target from $12.00 to $11.00.

Shares of KKR Real Estate Finance are trading up 1.35% over the last 24 hours, at $10.50 per share.

A move to $11.00 would account for a 4.76% increase from the current share price.

About KKR Real Estate Finance

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.