Bank of America just raised its EUR/USD forecast
FSK, a leading investment firm, has recently marked a significant milestone by reaching a 52-week high of $22.39. This peak reflects a notable uptrend in the company's stock value, with an impressive 25.74% total return over the past year. The company's strong performance is backed by a healthy P/E ratio of 11.68 and an attractive dividend yield of ~13%. InvestingPro analysis reveals additional insights about FSK's market position and growth potential. Investors have shown increased confidence in FSK's strategic initiatives and growth prospects, which is evident from the stock's strong rally to this new high. The company has maintained dividend payments for 11 consecutive years, demonstrating consistent shareholder returns. With an overall Financial Health Score rated as "GREAT" by InvestingPro, and several more key insights available through their comprehensive Pro Research Report, FSK continues to show potential for sustained value creation in the competitive investment landscape.
In other recent news, FS KKR Capital (NYSE:FSK) Corp has made several noteworthy strides. The company has issued an additional $100 million of its 6.125% notes due 2030, a move aligning with its broader strategy to manage its capital structure and funding requirements. In tandem with this, FS KKR Capital Corp has also secured a $600 million underwriting agreement for the issuance and sale of notes due to mature in 2030.
On the analyst front, Wells Fargo (NYSE:WFC) has downgraded the company's stock from Overweight to Equal Weight due to concerns about potential credit risks associated with FSK's loan portfolio. RBC Capital Markets, however, maintained a Sector Perform rating on FS KKR Capital Corp, adjusting the price target to $21 from $20 after reviewing the company's third-quarter results.
The company's financial performance has been robust, with third-quarter net investment income exceeding expectations at $0.77 per share and an adjusted net investment income of $0.74 per share. Additionally, FS KKR Capital Corp declared a fourth-quarter distribution of $0.70 per share and made new investments of approximately $1.1 billion, primarily targeting existing portfolio companies. These are the latest developments for FS KKR Capital Corp.
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