Kennedy-Wilson Holdings Inc. (KW) Downgraded by Zacks Investment Research to Hold
Kennedy-Wilson Holdings Inc. (NYSE:KW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Other analysts also recently issued reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Tuesday, June 21st. Davy Research reiterated an “outperform” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Goodbody reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Finally, B. Riley reiterated a “buy” rating and set a $31.75 price target on shares of Kennedy-Wilson Holdings in a report on Sunday, August 14th. 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.
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Shares of Kennedy-Wilson Holdings (NYSE:KW) opened at 21.89 on Tuesday. The stock’s 50 day moving average is $22.20 and its 200-day moving average is $21.06. Kennedy-Wilson Holdings has a 52 week low of $15.74 and a 52 week high of $26.44. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 75.22 and a beta of 1.45.
Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a return on equity of 3.65% and a net margin of 5.15%. The firm earned $176.50 million during the quarter, compared to the consensus estimate of $175.90 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. On average, analysts anticipate that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 186.67%.
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in shares of Kennedy-Wilson Holdings by 115.4% in the third quarter. BNP Paribas Arbitrage SA now owns 7,038 shares of the company’s stock worth $159,000 after buying an additional 3,770 shares during the period. CI Global Investments Inc. purchased a new position in shares of Kennedy-Wilson Holdings during the second quarter worth approximately $1,687,000. Schwab Charles Investment Management Inc. boosted its position in shares of Kennedy-Wilson Holdings by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 301,983 shares of the company’s stock worth $5,726,000 after buying an additional 5,604 shares during the period. Stifel Financial Corp boosted its position in shares of Kennedy-Wilson Holdings by 24.7% in the second quarter. Stifel Financial Corp now owns 13,710 shares of the company’s stock worth $260,000 after buying an additional 2,717 shares during the period. Finally, Advisory Research Inc. boosted its position in shares of Kennedy-Wilson Holdings by 3.1% in the second quarter. Advisory Research Inc. now owns 2,527,585 shares of the company’s stock worth $47,923,000 after buying an additional 76,560 shares during the period. Institutional investors own 79.33% of the company’s stock.
Kennedy-Wilson Holdings Company Profile
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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