Oppenheimer analyst Mitchel Penn initiated coverage of FS KKR Capital with a Perform rating and $21 price target. The firm estimates that the externally managed business development company can earn a 10% ROE and assumes an estimated cost of equity capital of 12% to arrive at its fair value estimate of $21 per share, or 84% of book value.
Published first on TheFly
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- FS KKR Capital management to meet virtually with Compass Point
- FS KKR Capital Corp. Announces Fourth Quarter and Full Year 2022 Results, Declares Total First Quarter 2023 Distribution of $0.70 per share, Increases Base Quarterly Distribution to $0.64 per share, and Guides Investors Toward Minimum Quarterly Supplemental Distributions for 2023 Totaling $0.06 per share, Equating to Minimum Total Quarterly Distributions for 2023 of $0.70 per share
- FS KKR Capital raises base quarterly distribution to 64c per share
- FS KKR Capital reports Q4 adjusted NII 81c, consensus 73c