Kennedy-Wilson Holdings Inc (KW) Given Consensus Rating of “Hold” by Brokerages
Kennedy-Wilson Holdings Inc (NYSE:KW) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.33.
KW has been the topic of a number of research reports. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Deutsche Bank reaffirmed a “hold” rating and set a $23.00 target price on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research report on Tuesday, October 17th.
Shares of Kennedy-Wilson (KW) remained flat at $$17.40 during trading on Tuesday. The company’s stock had a trading volume of 1,236,000 shares, compared to its average volume of 855,664. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. Kennedy-Wilson has a 52-week low of $17.15 and a 52-week high of $22.65. The firm has a market capitalization of $2,635.13, a price-to-earnings ratio of 133.86, a PEG ratio of 6.21 and a beta of 1.37.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 3.54% and a negative return on equity of 3.58%. The business had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $177.89 million. During the same period in the previous year, the company earned ($0.03) earnings per share. Kennedy-Wilson’s revenue for the quarter was up 59.0% on a year-over-year basis. equities research analysts anticipate that Kennedy-Wilson will post 0.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s payout ratio is 523.12%.
In other Kennedy-Wilson news, Director Stanley R. Zax purchased 50,000 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now directly owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 17.07% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KW. SG Americas Securities LLC acquired a new position in Kennedy-Wilson during the 3rd quarter worth about $129,000. Prudential Financial Inc. lifted its position in Kennedy-Wilson by 3.9% during the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after buying an additional 380 shares in the last quarter. Amalgamated Bank lifted its position in Kennedy-Wilson by 3.7% during the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after buying an additional 377 shares in the last quarter. Principal Financial Group Inc. lifted its position in Kennedy-Wilson by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock worth $209,000 after buying an additional 272 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Kennedy-Wilson by 528.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock worth $210,000 after buying an additional 9,282 shares in the last quarter. 66.57% of the stock is currently owned by institutional investors and hedge funds.
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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