Kennedy-Wilson Holdings Downgraded to “Neutral” at Zacks (KW)
Kennedy-Wilson Holdings (NYSE:KW) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $24.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 8.65% from the company’s current price.
Kennedy-Wilson Holdings (NYSE:KW) traded down 1.63% during mid-day trading on Tuesday, hitting $21.73. 2,034,764 shares of the company’s stock traded hands. Kennedy-Wilson Holdings has a 52-week low of $13.94 and a 52-week high of $22.58. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $19.09. The company’s market cap is $1.781 billion.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings data on Wednesday, November 6th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.36. The company had revenue of $33.21 million for the quarter, compared to the consensus estimate of $22.18 million. The company’s quarterly revenue was up 117.9% on a year-over-year basis. Analysts expect that Kennedy-Wilson Holdings will post $-0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a dividend of 0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 27th.
Kennedy-Wilson Holdings, Inc (NYSE:KW) is an international real estate investment and services firm.
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