Latest news for KKR (NYSE:KKR) Stock

KKR & Co

KKR is one of the world's largest alternative asset managers, with $577.6 billion in total managed assets, including $470.6 billion in fee-earning AUM, at the end of March 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).

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블랙스톤(NYSE:BX)과 같은 거대 사모펀드들은 애완동물 케어부터 부동산에 이르기까지 미국 시장의 모든 것을 삼켜버린 것처럼 보이며 심지어 스포츠 팀 인수까지 노리고 있다. NYC에 본사를 둔 이 투자 관리 회사는 일본 시장이라는 새로운 기회에 주목했다. 어떤 일이 (What Happened): 닛케이 아시아(Nikkei Asia)는 블랙스톤이 2027년까지 일본에 96억 달러를 투자할 계획이라고 보도했다.

거대 사모펀 블랙스톤, 일본 시장에 2027년까지 96억 달러 투자 계획: 보도

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S&amp;P 다우존스 지수는 금요일 늦게 분기별 재조정에 맞춰 다양한 S&amp;P 지수에 대한 변경 사항을 발표했다. 유명한 S&amp;P 500 지수에 추가된 기업들 중 주목할만한 것은 사이버 보안 회사인 크라우드스트라이크(NASDAQ:CRWD)이다.

S&amp;P 500 지수의 분기별 재조정으로 크라우드스트라이크, KKR 및 고대디가 신규 편입

KKR & Co Inc

KATAKURA INDSTRS CO LTD by Katakura Industries Co Ltd

Katakura Industries Co Ltd

KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061

KKR Income Opportunities Fund Common Shares

KKR Income Opportunities Fund

KKR Real Estate Finance Trust Inc. Common Stock

KKR Real Estate Finance Trust Inc

KKR Real Estate Finance Trust Inc. 6.50% Series A Cumulative Redeemable Preferred Stock

Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares surged premarket Wednesday as Skydance Media has reportedly reached a preliminary agreement to acquire National Amusements Inc. and merge with Paramount, the parent company of CBS and MTV.
Shari Redstone&#8217;s&nbsp;National Amusements, the family firm controlling Paramount, will forward the deal to a special committee of Paramount directors for review, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-02/skydance-media-is-said-to-reach-paramount-merger-agreement?srnd=homepage-americas&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
This deal, which involves significant financial maneuvering, aims to bolster Paramount&#8217;s position in the competitive media landscape.
Th development follows the recent <a target="_blank" href="https://www.benzinga.com/m-a/24/06/39281124/paramount-and-skydance-merger-talks-fall-through-report" rel="noreferrer noopener">collapse of previous negotiations</a>, with renewed talks gaining momentum over the past week. Skydance is led by Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) co-founder Larry Ellison&#8217;s son David Ellison.
The new terms include a higher valuation for National Amusements and enhanced legal protections for Redstones&#8217; company.
Sellers have 45 days to explore better offers. If approved, the agreement could be finalized within days, though potential hurdles remain.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/06/39470765/paramount-wants-you-to-shell-out-more-for-watching-starting-in-august-even-if-you-stream-it" rel="noreferrer noopener">Paramount+ Wants You To Shell Out More For Watching Starting In August, Even If You Stream It With Ads — Here&#8217;s What You Need To Know</a>
As part of the proposed transaction that Ellison previously proposed, along with partners RedBird Capital Partners and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), offered to purchase National Amusements for $2.25 billion and infuse $1.5 billion into Paramount to reduce its debt.
Ellison&#8217;s group would contribute an additional $4.5 billion to acquire Paramount shares.
The investment represents a crucial support for Paramount, which has faced challenges as consumers shift from traditional media to streaming services.
Earlier Tuesday, Bloomberg reported that Paramount is in exclusive talks to sell its Black Entertainment Television network. The potential buyers include BET CEO Scott Mills and Chinh Chu of CC Capital, with an offer range of $1.6 billion to $1.7 billion.
Paramount stock has lost more than 34% in the last 12 months. Investors can gain exposure to the stock via Invesco S&amp;P 500 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPV#NYSE">RPV</a>) and Invesco Leisure And Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: PARA shares are trading higher by 12.9% at $12.10 premarket at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Read Next:
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<li><a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game" target="_blank" rel="noreferrer noopener">Here&#8217;s How Many People Watched The 2024 Presidential Debate And How Fox Beat CNN At Its Own Game</a></li>
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Why Is Paramount Global Stock Surging Today?

In today's rapidly changing and highly competitive business world, it is imperative for investors and industry observers to carefully assess companies before making investment choices. In this article, we will undertake a comprehensive industry comparison, evaluating KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) vis-à-vis its key competitors in the Capital Markets industry. Through a detailed analysis of important financial indicators, market standing, and growth potential, our goal is to provide valuable insights and highlight company's performance in the industry.
<h3>KKR Background</h3>
KKR is one of the world's largest alternative asset managers, with $577.6 billion in total managed assets, including $470.6 billion in fee-earning AUM, at the end of March 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR &amp; Co Inc</td>
<td>23.38</td>
<td>4.33</td>
<td>4.62</td>
<td>3.08%</td>
<td>$2.17</td>
<td>$1.03</td>
<td>210.66%</td>
</tr>
<tr>
<td>BlackRock Inc</td>
<td>19.88</td>
<td>2.93</td>
<td>6.41</td>
<td>3.98%</td>
<td>$2.12</td>
<td>$2.19</td>
<td>11.43%</td>
</tr>
<tr>
<td>Brookfield Corp</td>
<td>68.22</td>
<td>1.57</td>
<td>0.68</td>
<td>0.15%</td>
<td>$7.4</td>
<td>$3.86</td>
<td>-1.67%</td>
</tr>
<tr>
<td>T. Rowe Price Group Inc</td>
<td>13.52</td>
<td>2.60</td>
<td>3.83</td>
<td>5.79%</td>
<td>$0.68</td>
<td>$0.88</td>
<td>13.83%</td>
</tr>
<tr>
<td>Franklin Resources Inc</td>
<td>12.79</td>
<td>0.91</td>
<td>1.36</td>
<td>0.94%</td>
<td>$0.38</td>
<td>$1.7</td>
<td>11.71%</td>
</tr>
<tr>
<td>Blue Owl Capital Inc</td>
<td>148.42</td>
<td>5.49</td>
<td>4.59</td>
<td>1.58%</td>
<td>$0.21</td>
<td>$0.29</td>
<td>31.29%</td>
</tr>
<tr>
<td>SEI Investments Co</td>
<td>17.64</td>
<td>3.75</td>
<td>4.38</td>
<td>5.99%</td>
<td>$0.19</td>
<td>$0.26</td>
<td>9.05%</td>
</tr>
<tr>
<td>Janus Henderson Group PLC</td>
<td>12.66</td>
<td>1.22</td>
<td>2.49</td>
<td>2.84%</td>
<td>$0.18</td>
<td>$0.37</td>
<td>11.27%</td>
</tr>
<tr>
<td>Hamilton Lane Inc</td>
<td>33.37</td>
<td>9.50</td>
<td>11.98</td>
<td>9.74%</td>
<td>$0.1</td>
<td>$0.13</td>
<td>56.63%</td>
</tr>
<tr>
<td>Affiliated Managers Group Inc</td>
<td>8.57</td>
<td>1.38</td>
<td>3.21</td>
<td>4.17%</td>
<td>$0.29</td>
<td>$0.26</td>
<td>-3.38%</td>
</tr>
<tr>
<td>Average</td>
<td>37.23</td>
<td>3.26</td>
<td>4.33</td>
<td>3.91%</td>
<td>$1.28</td>
<td>$1.1</td>
<td>15.57%</td>
</tr>
</tbody>
</table>
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 </style>By closely studying KKR, we can observe the following trends: 
<ul>
<li>
The Price to Earnings ratio of 23.38 is 0.63x lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
With a Price to Book ratio of 4.33, which is 1.33x the industry average, KKR might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.
</li>
<li>
With a relatively high Price to Sales ratio of 4.62, which is 1.07x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
With a Return on Equity (ROE) of 3.08% that is 0.83% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.17 Billion, which is 1.7x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
With lower gross profit of $1.03 Billion, which indicates 0.94x below the industry average, the company may experience lower revenue after accounting for production costs.
</li>
<li>
With a revenue growth of 210.66%, which surpasses the industry average of 15.57%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719932450_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio provides insights into the proportion of debt a company has in relation to its equity and asset value.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing KKR in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
<ul>
<li>
KKR holds a middle position in terms of the debt-to-equity ratio compared to its top 4 peers.
</li>
<li>
This indicates a balanced financial structure with a moderate level of debt and an appropriate reliance on equity financing with a debt-to-equity ratio of 2.31.
</li>
</ul>
<h3>Key Takeaways</h3>
For KKR in the Capital Markets industry, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB and PS ratios suggest the market values the company's assets and sales highly relative to competitors. In terms of ROE, KKR's performance is lower, reflecting less profitability from shareholder equity. Conversely, the high EBITDA, low gross profit, and high revenue growth indicate strong operational performance and potential for future growth compared to industry peers.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyzing KKR In Comparison To Competitors In Capital Markets Industry

KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) has outperformed the market over the past 10 years by 4.87% on an annualized basis producing an average annual return of 15.63%. Currently, KKR has a market capitalization of $93.11 billion. 
Buying $1000 In KKR: If an investor had bought $1000 of KKR stock 10 years ago, it would be worth $4,196.40 today based on a price of $104.93 for KKR at the time of writing.
<h3>KKR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719862215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,200 Today

Mitsubishi UFJ Financial Group&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mufg#NYSE">MUFG</a>) strategic buyouts and focus on business upgradation plans will support its financials in the long run. Also, its strong liquidity profile and capital strength support the share repurchase plan. On the flip side, lower net interest income (NII) is expected to limit revenue growth in the near term. Besides, high costs are likely to impede bottom-line growth. 
The bank is focused on expanding inorganically and is actively seeking new growth opportunities globally. Since 2016, the bank has completed several acquisitions to expand its global footprint. In May 2024, MUFG acquired 100% of the issued shares of Link Administration Holdings Limited, which will further expand its operations globally via access to Australian funds and corporate clients worldwide. In 2023, the company, through MUFG Bank and PT Adira Dinamika Multi Finance Tbk, announced the acquisition of 80.6% shares in PT Mandala Multifinance Tbk. With this, the company expands its auto loan business in Indonesia. These efforts to grow inorganically show the bank&#39;s ongoing commitment to expanding its market reach and enhancing its service offerings globally. 
Apart from strategic acquisitions, Mitsubishi UFJ is focused on its updated Medium-term Business Plan (2024 to 2026), which emphasizes improving social and environmental progress and accelerating transformation and innovation. The Business Plan aims to boost product offerings, expand distribution channels, strengthen the balance sheet and drive growth through seven strategic initiatives. These include strengthening the domestic retail customer base, reinforcing corporate and wealth management segments and evolving the integrated business model of its Global Corporate &amp; Investment Banking and Global Markets groups. 
Additionally, the company aims to strengthen its operations in the Asia Pacific (APAC) region and improve platform resilience. With Asia projected to experience significant growth in the near future, numerous banks are keen to expand their business in the APAC region. In line with this, MUFG collaborated with WealthNavi in February 2024, a top robo-advisor in Japan, to address customers&#39; diversified asset-building needs and digitalize asset management services. 
Likewise, KKR &amp; Co. Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kkr#NYSE">KKR</a>) is seeking to enter into the private credit market in Japan to offer an alternative to bank loans. KKR intends to expand its offerings to institutional investors and high-net-worth individuals within the country. Similarly, Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) launched Citi Commercial Bank in Japan to expand its commercial banking in key growth areas across certain clusters. With its latest launch in Japan, C&#39;s commercial banking business now operates in several Asian markets, including mainland China, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam. 
As of Mar 31, 2024, MUFG had cash and due from banks of &yen;109.9 trillion. The company&#39;s borrowed money totaled &yen;26 trillion during the same period. Also, MUFG&#39;s capital ratios remained solid, well above the regulatory requirements. Hence, on the back of a strong liquidity profile and capital strength, MUFG has completed several share-repurchase programs, enhancing shareholder value. 
Shares of MUFG have gained 26.3% on the NYSE over the past six months compared with the industry&#39;s growth of 5.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/30/69951.jpg?v=1939649214" /> 
Image Source: Zacks Investment Research
Currently, MUFG carries a Zacks Rank #4 (Sell). 
Despite the above-mentioned positives, the company&#39;s NII has been under pressure over the last few years. While NII increased in fiscal 2022 and 2023, this trend reversed in 2024. Given the challenging operating environment, reduced consumer spending, and ongoing recession fears, loan demand is expected to remain muted in the near term, thereby affecting NII. 
Escalating expenses remains a major concern for Mitsubishi UFJ. Although expenses declined in fiscal 2022 and 2024, the metric has remained elevated over the last few years. This was primarily due to higher interest expenses, interest on deposits and fees and commissions. Going forward, the company&#39;s ongoing investment in technology and franchisees is likely to keep the expenses high.
<a href="https://www.zacks.com/stock/news/2295501/mitsubishi-ufj-mufg-rides-on-strategic-buyouts-amid-lower-nii?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2295501">To read this article on Zacks.com click here.</a>

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Mitsubishi UFJ Rides on Strategic Buyouts Amid Lower NII

KKR &amp; Co. Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and Baby Memorial Hospital inked definitive agreements through which KKR-managed funds will acquire a majority stake in the regional multi-specialty hospital chain in India. The <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39569185/kkr-acquires-controlling-stake-in-baby-memorial-hospital-a-multi-specialty-hospital-network-in-ind" rel="noreferrer noopener">financial details of the deal remain undisclosed.</a>
Akshay Tanna, Partner and Head of India Private Equity, KKR, said, &#8220;Our investment in BMH reflects our continued thematic focus on healthcare in India.&#8221;
&#8220;We are pleased to be strategic partners with Dr. K G Alexander and family through this investment, which will aid BMH in expanding its network of hospitals and continuing to invest in medical infrastructure so that its medical services can reach more patients in India.&#8221;
Yesterday, KKR and Teachers&#8217; Venture Growth (TVG) have inked definitive deals to jointly lead a $140 million (JPY 21.4 billion) Series <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39567099/kkr-and-teachers-venture-growth-lead-us-140-million-series-e-round-in-leading-japanese-cloud-nativ" rel="noreferrer noopener">E funding round for </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39567099/kkr-and-teachers-venture-growth-lead-us-140-million-series-e-round-in-leading-japanese-cloud-nativ" rel="noreferrer noopener">SmartHR</a>.
Mukul Chawla, Partner and Head of Growth Equity, Asia Pacific, KKR, said, &#8220;As one of Japan&#8217;s leading human resource Software as a Service (SaaS) platforms, SmartHR is playing a critical role in enabling the country&#8217;s drive towards greater workforce productivity, while leaning into accelerating digitalization and cloud penetration. Through our technology growth strategy, we look to support innovative, disruptive local champions with our expertise, best practices and networks across KKR&#8217;s global platform.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39461436/kkr-eyes-20b-new-north-america-fund-in-tough-market-report" rel="noreferrer noopener">KKR Eyes $20B New North America Fund In Tough Market: Report</a>
In June, KKR made&nbsp;its largest purchase of apartment buildings, paying $2.1 billion to acquire more than <a target="_blank" href="https://www.benzinga.com/news/24/06/39489276/whats-going-on-with-kkr-stock-tuesday" rel="noreferrer noopener">5,200 apartment units across the U.S</a>.
KKR stock has gained more than 86% in the last 12 months. Investors can gain exposure to the stock via&nbsp;FM Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and&nbsp;EA Series&nbsp;Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39486693/kkrs-johannes-huth-retires-after-pioneering-european-deals-details-here" rel="noreferrer noopener">KKR&#8217;s Johannes Huth Retires After Pioneering European Deals &#8211; Details Here</a>
Price Action: KKR shares are down 0.23% at $105.00 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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KKR Makes Two New Investments In Asian Soil: Details

KKR, a leading global investment firm, and Baby Memorial Hospital (&lsquo;BMH&#39;), a leading regional multi-specialty hospital chain in India, today announced the signing of definitive agreements under which funds managed by KKR will acquire a controlling stake in BMH. KKR&#39;s investment will support BMH&#39;s efforts to address the growing need for quality, accessible healthcare services in India by advancing its efforts to build a leading pan-India network of hospitals, including through both organic and inorganic growth strategies.
This press release features multimedia. View the full release here:&nbsp;<a href="https://www.businesswire.com/news/home/20240630643698/en/">https://www.businesswire.com/news/home/20240630643698/en/</a>
Founded in 1987 by Dr. K G Alexander, BMH is one of the leading multi-specialty hospital chains in Kerala, with a capacity of 1,000 beds across hospitals in Calicut and Kannur, and planned expansions across the region. BMH provides comprehensive services with specialized treatment across 40 medical and surgical departments including cardiology, oncology, neurology, gastroenterology, pediatric and orthopedic care. BMH has invested in top-quality grade medical infrastructure and has multiple quality accreditations across hospitals in its network.

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KKR Acquires Controlling Stake in Baby Memorial Hospital to Boost Healthcare Services in India, Financial Terms Undisclosed

Reported Earlier, KKR And Teachers' Venture Growth Announced The Signing Of Definitive Agreements Under Which They Will Jointly Lead A $140M (JPY 21.4B) Series E Fundraise Of SmartHR With Participation From Existing Shareholders

Editor&#8217;s Note: The article has been updated to clarify the correct founding timeline of Lineage.
Temperature-controlled storage and logistics company Lineage Inc. filed for an initial public offering (IPO), the latest REIT to join the <a href="https://www.benzinga.com/money/best-reit-stocks-right-now">public equities market</a>.
What Happened: Crain&#8217;s Detroit Business <a href="https://www.crainsdetroit.com/services/lineage-cold-storage-giant-files-ipo">reported</a> the filing on Thursday.
The Novi, Michigan-based company is seeking $3 billion in the IPO and a valuation upwards of $30 billion. Renaissance Capital estimated the company could raise about $3.5 billion through the IPO.
Lineage has 482 warehouses in operation totaling 3 billion cubic feet of capacity as of late March. The company reported revenue of $5.3 billion and a net loss of $96.2 million in 2023.
The company began its journey in late 2008 when Adam Forste and Kevin Marchetti acquired Seafreeze, their first cold storage warehouse in Seattle. In 2012, after making several acquisitions, the company was rebranded as Lineage.
Why it Matters: The real estate market as a whole has underperformed the market in 2024. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) is down over 6% year-to-date.
Americold Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COLD#NYSE">COLD</a>) is the largest publicly traded, American competitor. The Atlanta-based company specializes in temperature-controlled warehouses and logistics.
Next Steps: The timing of the IPO and price range for share offerings is yet to be determined, according to the company. Lineage has opted to use KKR &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) to advise the IPO.
Lineage&#8217;s shares will be traded under the symbol LINE on the Nasdaq.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/federal-reserve/24/06/39169354/doom-and-gloom-in-office-space-real-estate-delinquency-data-tells-another-story">Doom And Gloom In Office Space Real Estate? Delinquency Data Tells Another Story</a></li>
</ul>
Image: Shutterstock

Mid Cap

REIT

IPOs

Real Estate

COLD

XLRE

Michigan-Based Logistics REIT Lineage Files For IPO, Seeks $30B Valuation (UPDATED)

The COVID-19 pandemic accelerated a trend of customers opting for online shopping rather than retail. Amid a general stagnation of online shopping growth, one small subset of e-commerce has far outperformed the <a href="https://www.benzinga.com/topic/e-commerce">broader online marketplace</a>.
Industry Trends: The overall e-commerce industry has seen mixed signals in 2024, according to a report filed by Similarweb.
Overall growth in desktop and mobile e-commerce visits grew by 1.4% year-over-year. Visits dropped previously dropped by 3% in 2022. 
The effects of inflation have acted as substantial headwinds for e-commerce sales. As prices have risen, customers have cut spending in some discretionary categories. A notable exception is in luxury and jewelry, which remain popular among higher-income consumers less affected by inflation.
Ultra-cheap online marketplace Temu, owned by PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), has become immensely popular among consumers given inflationary pressures. Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) recently <a href="https://www.benzinga.com/markets/equities/24/06/39519823/amazon-to-challenge-shein-and-temu-with-new-bargain-site-report">announced an initiative</a> to challenge Temu in the &#8220;fast fashion,&#8221; &#8220;bargain site&#8221; industry.
Korean Cosmetic Boom: Korean beauty and cosmetics product revenues grew 127% year-over-year on Amazon, higher than the broader beauty category.
Korean culture has become increasingly popular worldwide, largely driven by musical group BTS and Korean movies and television. Additionally, Korean products have been touted by social media influencers concentrated in skincare. 
Korean fashion retailer Musinsa, financially backed in part by KKR &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), grew 250% year-over-year in the U.S.
Beauty brand Olive Young, owned by parent organization CJ Corp (KRX: 001040), saw 69% growth over last year.
Electronics Stall: Consumers have opted to limit electronic purchases, seen as non-essential, given inflationary pressures. Year-over-year growth declined by 2.1%.
Customers, especially in countries such as Vietnam, have increasingly tended to scour for low prices by searching on multiple websites rather than having loyalty at just one.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/06/39255007/walmarts-e-commerce-profitability-new-product-lines-impress-analysts-after-sharehold">Walmart&#8217;s E-commerce Profitability, New Product Lines Impress Analysts After Shareholder Event</a></li>
</ul>
Image: Pixabay

AMZN

Citigourp Global Markets 2% Protected Notes Linked To The Djia

E-commerce's Ascent Stalls As One Sub-Segment Grows By Over 100%: Report

<a href="https://www.ft.com/content/2c3c6055-f898-4593-b6c6-80174f7876b5">https://www.ft.com/content/2c3c6055-f898-4593-b6c6-80174f7876b5</a>
&nbsp;

'KKR Makes Bid To Take Control Of FGS Global From WPP' - Financial Times

Portfolio of 18 High-Quality, Class A Assets Concentrated in Coastal and Sunbelt Markets

KKR Acquires $2.1B Multifamily Portfolio From Quarterra

KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are trading lower Tuesday. A new report suggests the company is making a <a href="https://www.benzinga.com/real-estate/24/06/39161182/renters-are-staying-longer-amid-rising-housing-costs-and-high-mortgage-rates">big bet on rising rents</a>.
What To Know: According to a Wall Street Journal <a href="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines">report</a>, KKR has made&nbsp;its largest purchase of apartment buildings ever,&nbsp;suggesting the private-equity firm is anticipating a rebound in multifamily housing. 
The report indicates that KKR paid $2.1 billion to acquire more than 5,200 apartment units across the United States. The multifamily housing deal included 18 new mid- and high-rise buildings and reportedly closed on Tuesday. 
KKR purchased the portfolio of properties from Lennar Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) apartment development arm Quarterra. Lennar reportedly said it would consider selling additional buildings from its portfolio to other buyers.&nbsp;
According to data firm MSCI Real Assets, apartment-building prices have fallen more than 20% from their peak in July 2022. Building sales were also reportedly 44% lower last month than they were a year earlier.
This isn&#8217;t the only property acquisition KKR has made this year. The firm reportedly paid $1.64 billion for a student-housing portfolio owned by Blackstone Real Estate Income Trust in April and KKR also bought an industrial campus in Nashville last month. 
KKR told the Wall Street Journal that it focused on building its real-estate business via high volumes of smaller transactions while interest rates were low. Now the firm has shifted its strategy as fewer buildings are selling and there are better opportunities for portfolio deals.
See Also: <a href="https://www.benzinga.com/general/24/06/39411231/grant-cardone-thinks-the-average-rent-in-america-will-nearly-double-in-the-next-decade-and-hes-inves">Grant Cardone Thinks The Average Rent In America Will Nearly Double In The Next Decade – And He&#8217;s Invested Accordingly</a>
KKR Price Action: KKR shares were down 0.25% at $107.20 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Unsplash.

What's Going On With KKR Stock Tuesday?

KKR Acquires 5,200 Apartment Units Across U.S. For $2.1 Billion From Quarterra, Lennar's Apartment Development Arm; Marks KKR's Largest Investment In Apartments, Betting On Rising Rents&nbsp;
&nbsp;
<a href="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines" title="https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines">https://www.wsj.com/real-estate/kkr-makes-its-biggest-foray-into-apartments-betting-on-rising-rents-94213297?mod=latest_headlines</a>

'KKR Makes Its Biggest Foray Into Apartments, Betting on Rising Rents' - WSJ

KKR &amp; Co. Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) Johannes Huth, known for leading key European deals,<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39461436/kkr-eyes-20b-new-north-america-fund-in-tough-market-report" rel="noreferrer noopener"> is retiring after 25 years with the private equity firm</a>.
According to a <a target="_blank" href="https://www.linkedin.com/posts/johannes-huth-61b170b0_today-i-start-a-new-chapter-in-my-life-after-activity-7211284645974343680-2VRs/?utm_source=share&amp;utm_medium=member_ios" rel="noreferrer noopener">LinkedIn Post</a>, Johannes Huth, based in London, is stepping down from his roles as KKR&#8217;s Chairman for Europe, the Middle East, and Africa and an active partner.
Huth joined the private equity firm in 1999 after receiving an unexpected call from Henry Kravis, the co-founder of KKR who currently serves as co-executive chairman, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-25/kkr-s-emea-chairman-johannes-huth-retires-after-25-years-at-firm?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
At KKR, Huth&#8217;s prominent transactions include the acquisition and subsequent listing of defense supplier Hensoldt, as well as the purchase of Axel Springer in Germany.
He also led efforts in acquiring French electronics components firm Legrand SA from Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) and UK drugstore chain Boots, purchased with billionaire Stefano Pessina and later sold to Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), Bloomberg added. Additionally, he contributed to KKR&#8217;s investments in Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) and Wella.
He will continue in a senior advisory role and serve on the boards of hedge fund Marshall Wace, media company Axel Springer, and vacation parks group Roompot.
&#8220;This step will allow me to focus on the next phase of my life, including investing my own capital, and spending more time on my charitable and many other personal interests,&#8221; Huth added.
KKR stated that Huth has been integral to its leadership team for a significant period, Bloomberg added.
&#8220;As a colleague, friend and trusted partner to many, his impact cannot be understated,&#8221; the firm said, the report read. &#8220;We are pleased to continue our 25+ year partnership with Johannes as he transitions to this new chapter at KKR,&#8221; Bloomberg added.
Price Action: KKR shares are trading lower by 0.64% to $106.78 at last check Tuesday.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39481191/warren-buffets-berkshire-drops-byd-stake-despite-ev-leader-seeing-record-sales" target="_blank" rel="noreferrer noopener">Warren Buffet&#8217;s Berkshire Drops BYD Stake Despite EV Leader Seeing Record Sales</a>

Management

COTY

SBGSF

KKR's Johannes Huth Retires After Pioneering European Deals - Details Here

KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is reportedly targeting $20 billion from investors for its latest North America private equity fund, North America Fund XIV.
This comes three years after the firm launched a predecessor fund of similar size. With <a target="_blank" href="https://www.benzinga.com//node/38554722" rel="noreferrer noopener">$578 billion in assets under management </a>as of March, KKR is navigating a challenging fundraising environment, where high interest rates have made refinancing and asset sales more difficult.
The new fund, which began marketing to investors this month, aims for a net internal rate of return (IRR) in the high teens and plans to deploy 20% to 25% of its capital annually, reported Reuters.
KKR&#8217;s previous North American fund, launched in 2017, achieved a net IRR of 20.5% as of March.
The firm&#8217;s fundraising efforts will test investor confidence in KKR&#8217;s recent performance in regional buyouts. For comparison, Carlyle Group Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) 2018 fund reported a net IRR of 8%, and Bain Capital&#8217;s 2017 fund reported a net IRR of 17.1%, the report highlighted.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39203566/kkr-gip-team-up-for-25b-indo-pacific-infrastructure-investment" rel="noreferrer noopener">KKR, GIP Team Up For $25B Indo-Pacific Infrastructure Investment</a>
Despite the challenges, KKR remains optimistic. CFO Robert Lewin noted at a recent summit that fundraising conditions have improved over the past year.
KKR has raised approximately $180 billion from early 2022 to the first quarter of 2024. Additionally, KKR has committed to offering equity to rank-and-file employees of its portfolio companies in North America, a program initiated by KKR&#8217;s global private equity co-head Pete Stavros.
This initiative has reportedly led to higher revenue, improved productivity, and lower turnover.
KKR&#8217;s broad-based employee ownership program has generated significant additional income for employees at its portfolio companies.
Co-founder and co-executive chair Henry Kravis highlighted the program&#8217;s success at CHI, a former KKR-owned garage door business, where employees saw an average increase of $175,000 in income.
KKR stock has gained more than 105% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Northern Lights&nbsp;Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and EA Series&nbsp;Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
Price Action: KKR shares are trading higher by 0.23% at $109.16 at last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:<a href="https://www.benzinga.com/markets/equities/24/05/38942011/kkr-injects-cash-and-expertise-into-healthcare-tech-company-infinx" target="_blank" rel="noreferrer noopener"> KKR Injects Cash And Expertise Into Healthcare Tech Company Infinx</a>
Image: Shutterstock/ create jobs 51

KKR Eyes $20B New North America Fund In Tough Market: Report

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Outperform and maintains $116 price target.

Price Target

Keefe, Bruyette & Woods Maintains Outperform on KKR, Maintains $116 Price Target

<a href="https://www.ft.com/content/a640a7c5-b638-4c8b-bb06-cde179d7fd9f" title="https://www.ft.com/content/a640a7c5-b638-4c8b-bb06-cde179d7fd9f">https://www.ft.com/content/a640a7c5-b638-4c8b-bb06-cde179d7fd9f</a>

'KKR Buys Owner Of European Music Festivals In £1.3bn Deal' - Financial Times

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$21.00</td>
<td>$29.9K</td>
<td>5.8K</td>
<td>3.3K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$150.00</td>
<td>$159.2K</td>
<td>2.4K</td>
<td>794</td>
</tr>
<tr>
<td>ABR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$103.4K</td>
<td>2.4K</td>
<td>601</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$82.5K</td>
<td>1.1K</td>
<td>355</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$45.5K</td>
<td>1.5K</td>
<td>109</td>
</tr>
<tr>
<td>BCS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$9.00</td>
<td>$59.5K</td>
<td>2.1K</td>
<td>103</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/28/24</td>
<td>$230.00</td>
<td>$59.8K</td>
<td>339</td>
<td>40</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$31.5K</td>
<td>809</td>
<td>11</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$210.00</td>
<td>$125.1K</td>
<td>549</td>
<td>7</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$17.50</td>
<td>$32.4K</td>
<td>104</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on July 19, 2024. This event was a transfer of 666 contract(s) at a $21.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $45.0 per contract. There were 5812 open contracts at this strike prior to today, and today 3358 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on June 21, 2024. Parties traded 20 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $159.2K, with a price of $7961.0 per contract. There were 2437 open contracts at this strike prior to today, and today 794 contract(s) were bought and sold. 
• Regarding ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we observe a put option sweep with bearish sentiment. It expires in 575 day(s) on January 16, 2026. Parties traded 1592 contract(s) at a $5.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $103.4K, with a price of $65.0 per contract. There were 2429 open contracts at this strike prior to today, and today 601 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be neutral, expiring in 365 day(s) on June 20, 2025. This event was a transfer of 159 contract(s) at a $90.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.5K, with a price of $520.0 per contract. There were 1195 open contracts at this strike prior to today, and today 355 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bullish, expiring in 92 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $456.0 per contract. There were 1534 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
• Regarding BCS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on June 21, 2024. Parties traded 350 contract(s) at a $9.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $170.0 per contract. There were 2109 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on June 28, 2024. This event was a transfer of 184 contract(s) at a $230.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $59.8K, with a price of $325.0 per contract. There were 339 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bullish, expiring in 211 day(s) on January 17, 2025. This event was a transfer of 18 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $1750.0 per contract. There were 809 open contracts at this strike prior to today, and today 11 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bullish, expiring in 547 day(s) on December 19, 2025. This event was a transfer of 65 contract(s) at a $210.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $125.1K, with a price of $1925.0 per contract. There were 549 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
• Regarding GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we observe a call option trade with neutral sentiment. It expires in 575 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $1620.0 per contract. There were 104 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

GGAL

OSCR

PYPL

10 Financials Stocks With Whale Alerts In Today's Session

<a href="https://www.ft.com/content/ac32e3da-b4dd-426f-903f-45495c6fc29c" title="https://www.ft.com/content/ac32e3da-b4dd-426f-903f-45495c6fc29c">https://www.ft.com/content/ac32e3da-b4dd-426f-903f-45495c6fc29c</a>

Financial Times Reported Earlier: Carlyle, KKR Are Top Bidders For Discover's $10B U.S. Student Loan Portfolio

KKR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) short percent of float has fallen 7.14% since its last report. The company recently reported that it has 7.00 million shares sold short, which is 1.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KKR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718823647_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KKR has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing KKR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KKR's peer group average for short interest as a percentage of float is 2.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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