Kennedy-Wilson Holdings Inc. (KW) Cut to Sell at BidaskClub
BidaskClub cut shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) from a hold rating to a sell rating in a research report report published on Thursday morning.
Several other analysts have also recently commented on the stock. BTIG Research reiterated a buy rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 22nd. JMP Securities cut shares of Kennedy-Wilson Holdings from an outperform rating to a market perform rating in a research note on Monday, May 15th. Finally, Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a buy rating to a hold rating and set a $27.00 price objective for the company. in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Kennedy-Wilson Holdings has a consensus rating of Buy and a consensus price target of $28.50.
Kennedy-Wilson Holdings (KW) traded up 0.633% during mid-day trading on Thursday, hitting $19.875. 251,814 shares of the stock were exchanged. The company has a 50-day moving average price of $19.19 and a 200-day moving average price of $20.47. The company has a market cap of $2.27 billion, a P/E ratio of 236.607 and a beta of 1.36. Kennedy-Wilson Holdings has a one year low of $17.95 and a one year high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.16. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.27%. The firm had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $178.55 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts forecast that Kennedy-Wilson Holdings will post ($0.23) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of KW. BB&T Securities LLC increased its position in Kennedy-Wilson Holdings by 21.1% in the second quarter. BB&T Securities LLC now owns 69,297 shares of the financial services provider’s stock valued at $1,320,000 after buying an additional 12,061 shares during the period. BNP Paribas Arbitrage SA increased its position in Kennedy-Wilson Holdings by 528.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after buying an additional 9,282 shares during the period. Legal & General Group Plc increased its position in Kennedy-Wilson Holdings by 2.5% in the second quarter. Legal & General Group Plc now owns 30,580 shares of the financial services provider’s stock valued at $582,000 after buying an additional 738 shares during the period. Bank of New York Mellon Corp increased its position in Kennedy-Wilson Holdings by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 531,006 shares of the financial services provider’s stock valued at $10,115,000 after buying an additional 13,377 shares during the period. Finally, Shufro Rose & Co. LLC acquired a new position in Kennedy-Wilson Holdings during the second quarter valued at $5,613,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Kennedy-Wilson Holdings Company Profile
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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