Kennedy-Wilson (KW) Reaches New 1-Year Low at $17.73
Kennedy-Wilson Holdings Inc (NYSE:KW)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.73 and last traded at $18.05, with a volume of 4017000 shares trading hands. The stock had previously closed at $18.05.
Several equities analysts have recently issued reports on KW shares. BidaskClub lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Deutsche Bank reissued a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a report on Monday, October 30th. Finally, ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.33.
The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market capitalization of $2,733.56, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 6.45 and a beta of 1.37.
Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same period in the prior year, the business posted ($0.03) EPS. The company’s quarterly revenue was up 59.0% on a year-over-year basis. research analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio is currently 523.12%.
In other news, Director Stanley R. Zax bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now owns 300,300 shares in the company, valued at $5,759,754. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.07% of the company’s stock.
Several hedge funds have recently modified their holdings of KW. SG Americas Securities LLC bought a new position in Kennedy-Wilson in the 3rd quarter valued at about $129,000. Prudential Financial Inc. raised its holdings in Kennedy-Wilson by 3.9% in the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 380 shares during the period. Amalgamated Bank raised its holdings in Kennedy-Wilson by 3.7% in the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 377 shares during the period. Principal Financial Group Inc. raised its holdings in Kennedy-Wilson by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 272 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Kennedy-Wilson by 528.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 9,282 shares during the period. 66.57% of the stock is currently owned by institutional investors.
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Kennedy-Wilson 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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