Kennedy-Wilson Holdings Inc. (NYSE:KW) Receives Consensus Rating of “Buy” from Brokerages
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the company. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.38.
Several research firms have weighed in on KW. Deutsche Bank AG restated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Tuesday, June 21st. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Tuesday, July 5th. Zacks Investment Research upgraded shares of Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, July 13th. Davy Research restated an “outperform” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Finally, Goodbody restated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th.
Shares of Kennedy-Wilson Holdings (NYSE:KW) traded up 2.52% during mid-day trading on Wednesday, hitting $22.36. The stock had a trading volume of 707,954 shares. The stock has a 50-day moving average price of $21.71 and a 200 day moving average price of $20.92. Kennedy-Wilson Holdings has a 52 week low of $15.74 and a 52 week high of $26.44. The stock has a market cap of $2.52 billion, a P/E ratio of 76.84 and a beta of 1.43.
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Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The firm had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $175.90 million. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities analysts forecast that Kennedy-Wilson Holdings will post ($0.23) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 30th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio is presently 186.67%.
Large investors have recently modified their holdings of the company. Keeley Asset Management Corp boosted its stake in shares of Kennedy-Wilson Holdings by 160.3% in the second quarter. Keeley Asset Management Corp now owns 2,547,565 shares of the company’s stock worth $48,302,000 after buying an additional 1,569,040 shares in the last quarter. Norges Bank acquired a new stake in shares of Kennedy-Wilson Holdings during the fourth quarter worth about $22,484,000. Third Avenue Management LLC boosted its stake in shares of Kennedy-Wilson Holdings by 165.6% in the first quarter. Third Avenue Management LLC now owns 1,441,412 shares of the company’s stock worth $31,567,000 after buying an additional 898,612 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Kennedy-Wilson Holdings by 4.9% in the first quarter. Wellington Management Group LLP now owns 15,206,575 shares of the company’s stock worth $333,023,000 after buying an additional 712,709 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Kennedy-Wilson Holdings by 19.5% in the second quarter. TimesSquare Capital Management LLC now owns 3,418,461 shares of the company’s stock worth $64,814,000 after buying an additional 558,090 shares in the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.
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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