Kennedy-Wilson Holdings Inc. (KW) Downgraded by Zacks Investment Research
According to Zacks, “Kennedy Wilson is a vertically-integrated real estate investment and services company. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the United States and Japan. The company thrives on opportunity – identifying, creating, seizing and maximizing real estate opportunities. The company is headquartered in Beverly Hills, CA. “
A number of other equities research analysts have also weighed in on the stock. BTIG Research reiterated a buy rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a report on Tuesday, July 5th. Deutsche Bank AG reissued a buy rating on shares of Kennedy-Wilson Holdings in a research report on Tuesday, June 21st. Davy Research reissued an outperform rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Goodbody reissued a buy rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Finally, B. Riley reissued a buy rating and set a $31.75 target price on shares of Kennedy-Wilson Holdings in a research report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $30.69.
Kennedy-Wilson Holdings (NYSE:KW) opened at 20.43 on Tuesday. The stock has a 50 day moving average of $22.12 and a 200 day moving average of $21.05. Kennedy-Wilson Holdings has a 52 week low of $15.74 and a 52 week high of $26.44. The company has a market cap of $2.30 billion, a P/E ratio of 70.21 and a beta of 1.45.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The firm earned $176.50 million during the quarter, compared to analyst estimates of $175.90 million. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. On average, analysts expect that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, September 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 186.67%.
Several hedge funds and other institutional investors have recently modified their holdings of KW. Virginia Retirement System purchased a new position in shares of Kennedy-Wilson Holdings during the first quarter worth about $311,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Kennedy-Wilson Holdings by 3.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,905 shares of the company’s stock worth $458,000 after buying an additional 650 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Kennedy-Wilson Holdings by 20.4% in the first quarter. Franklin Resources Inc. now owns 541,400 shares of the company’s stock worth $11,857,000 after buying an additional 91,600 shares during the last quarter. BlackRock Inc. increased its position in shares of Kennedy-Wilson Holdings by 161.0% in the first quarter. BlackRock Inc. now owns 6,827 shares of the company’s stock worth $150,000 after buying an additional 4,211 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Kennedy-Wilson Holdings by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,371,180 shares of the company’s stock worth $51,929,000 after buying an additional 68,146 shares during the last quarter. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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