KKR Real Estate Finance price target lowered to $13 from $14.50 at JMP Securities

JMP Securities lowered the firm’s price target on KKR Real Estate Finance to $13 from $14.50 and keeps an Outperform rating on the shares. KKR Real Estate Finance’s Q4 distributable loss was well below consensus and included an 85c per share partial write-off of an office loan in Philadelphia that was transferred into REO, the analyst tells investors in a research note.