Citizens reiterates KKR Real Estate Financial Trust stock rating
Investing.com
Citizens has reiterated a Market Perform rating on KKR Real Estate Financial Trust (NYSE:KREF) after the company reported a significant sequential decline in book value and took provisions for loan losses in Q2 2026. While management believes the most significant impact to book value is behind them, increased short-term rates could pressure borrowers. KREF trades at 0.70x book value, and InvestingPro analysis suggests it may be overvalued compared to its fair value, despite a 5.59% dividend yiel
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