FBR Capital Reiterates an 'Outperform/Top Pick' on KKR Financial (KFN); What's Not To Like?

FBR Capital reiterates an 'Outperform/Top Pick' on KKR Financial (NYSE: KFN), PT $12.

FBR analyst says, "We continue to recommend KFN shares for several reasons: (1) the ability to leverage KKR's expertise to participate in unique investments that are inaccessible to others; (2) long-duration CLO liability structure that has, on average, 2.0 years of reinvestment period remaining; (3) a dividend payout well in excess of benchmark rates; (4) an earnings stream that, we believe, is inflation protected (KFN is net long $1.6 billion of LIBOR-based assets); and (5) an embedded "economic" book value markedly higher than GAAP indicates."

For more ratings news on KKR Financial click here and for the rating history of KKR Financial click here.

Shares of KKR Financial closed at $10.04 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Bernstein SocGen Group Reiterates Outperform Rating on JD.com, Inc (JD), 'very cheaply valued'
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49