BTIG raised the firm’s price target on KKR Real Estate Finance to $15 from $12 and keeps a Buy rating on the shares. The analyst sees the company as well-positioned to face the current market headwinds given its focus on senior loans and large loans backed by institutional sponsors in top 10 MSAs as well as its strong liquidity position. The broader KKR sponsorship is also an advantage which provides resources to make investment decisions and work out troubled assets, BTIG tells investors in a research note.
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