Kennedy-Wilson Holdings Inc (NYSE:KW) Director Stanley R. Zax bought 50,000 shares of Kennedy-Wilson stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the acquisition, the director now directly owns 300,300 shares in the company, valued at approximately $5,759,754. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kennedy-Wilson Holdings Inc (KW) traded down $0.15 during trading on Thursday, hitting $19.15. The company had a trading volume of 2,205,116 shares, compared to its average volume of 791,900. 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 stock has a market cap of $2,915.30, a P/E ratio of 45.83, a P/E/G ratio of 6.88 and a beta of 1.40. Kennedy-Wilson Holdings Inc has a 52 week low of $17.95 and a 52 week high of $23.00.
Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.15. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The firm’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. research analysts predict that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current fiscal year.
KW has been the topic of a number of research analyst reports. Deutsche Bank reiterated a “hold” rating and set a $23.00 target price on shares of Kennedy-Wilson in a report on Monday, October 30th. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Finally, BidaskClub downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.33.
A number of hedge funds have recently added to or reduced their stakes in KW. Institutional & Family Asset Management LLC bought a new position in shares of Kennedy-Wilson during the 3rd quarter valued at $292,000. GSA Capital Partners LLP bought a new position in shares of Kennedy-Wilson during the 3rd quarter valued at $206,000. Belpointe Asset Management LLC bought a new position in shares of Kennedy-Wilson during the 3rd quarter valued at $807,000. Neuberger Berman Group LLC lifted its holdings in shares of Kennedy-Wilson by 65.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 80,901 shares of the financial services provider’s stock valued at $1,501,000 after buying an additional 31,924 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Kennedy-Wilson by 6.0% during the 3rd quarter. California Public Employees Retirement System now owns 147,746 shares of the financial services provider’s stock valued at $2,741,000 after buying an additional 8,346 shares during the period. 66.56% of the stock is currently owned by institutional investors and hedge funds.
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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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