KKR Real Estate Finance price target lowered to $10.50 from $13.50 at BTIG

BTIG analyst Sarah Barcomb lowered the firm’s price target on KKR Real Estate Finance to $10.50 from $13.50 and keeps a Buy rating on the shares as part of a broader research note on commercial mortgage REITs citing recent dividend cuts. Head further into this period of commercial real estate uncertainty and rate volatility, the firm “remains focused on defensive liquidity”, the analyst tells investors in a research note.