KKR: Jefferies maintains buy rating
(CercleFinance.com) - Jefferies maintains its buy rating on the stock, along with its target price of 49.
93 dollars.
For the analyst, the real estate sector represents an opportunity to take shares, while infrastructure is a more capital constrained sector.
"KKR's $61B integrated real estate platform has been a predominantly organic build out roughly split 50/50 between real estate equity ($31B) and real estate credit ($30B)".
"In aggregate, the platform owns or lends on ~$181B of real estate assets across its diversified solution set", notes the broker for which, while it is true that there is a risk of congestion in some of these segments, the fundamentals remain solid and real estate lending presents a particularly attractive risk/return profile.
The KKR stock is up slightly at 49.5 dollars in early trading today.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
93 dollars.
For the analyst, the real estate sector represents an opportunity to take shares, while infrastructure is a more capital constrained sector.
"KKR's $61B integrated real estate platform has been a predominantly organic build out roughly split 50/50 between real estate equity ($31B) and real estate credit ($30B)".
"In aggregate, the platform owns or lends on ~$181B of real estate assets across its diversified solution set", notes the broker for which, while it is true that there is a risk of congestion in some of these segments, the fundamentals remain solid and real estate lending presents a particularly attractive risk/return profile.
The KKR stock is up slightly at 49.5 dollars in early trading today.
Copyright (c) 2022 CercleFinance.com. All rights reserved.