KKR Real Estate Finance Trust shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results. Also, JMP Securities maintained a Market Outperform rating on the stock and lowered its price target from $14.5 to $13.
Portfolio Pulse from Benzinga Newsdesk
KKR Real Estate Finance Trust's shares dropped following disappointing Q4 adjusted EPS results. JMP Securities kept a Market Outperform rating but reduced the price target from $14.5 to $13.
February 07, 2024 | 4:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
KKR Real Estate Finance Trust's stock declined due to poor Q4 EPS results, although JMP Securities remains optimistic with a Market Outperform rating, albeit with a lowered price target.
The negative impact on KREF's stock price is directly related to the disappointing Q4 earnings report, which typically leads to a decrease in investor confidence and stock price. However, the maintained Market Outperform rating by JMP Securities suggests some level of continued institutional support, albeit the lowered price target indicates a recalibration of future expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100