Kennedy-Wilson Holdings Inc (KW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.33.

Several equities research analysts recently issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research note on Monday, October 30th. Finally, ValuEngine cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the purchase, the director now directly owns 300,300 shares of the company’s stock, valued at $5,759,754. The acquisition was disclosed in a filing with the SEC, which is available at this link. 17.07% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KW. Schwab Charles Investment Management Inc. lifted its stake in Kennedy-Wilson by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 372,781 shares of the financial services provider’s stock worth $7,102,000 after purchasing an additional 17,536 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Kennedy-Wilson by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 531,006 shares of the financial services provider’s stock worth $10,115,000 after purchasing an additional 13,377 shares during the last quarter. Legal & General Group Plc lifted its stake in Kennedy-Wilson by 2.5% during the second quarter. Legal & General Group Plc now owns 30,580 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 738 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Kennedy-Wilson by 528.9% during the second quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 9,282 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Kennedy-Wilson by 3.9% during the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Shares of Kennedy-Wilson (NYSE KW) traded up $0.02 during mid-day trading on Friday, hitting $17.25. The company had a trading volume of 1,260,000 shares, compared to its average volume of 1,490,000. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2,610.00, a PE ratio of 132.69 and a beta of 1.38. Kennedy-Wilson has a fifty-two week low of $17.05 and a fifty-two week high of $22.65.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.15. The business had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. equities research analysts predict that Kennedy-Wilson will post 0.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, December 28th. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.41%. Kennedy-Wilson’s dividend payout ratio is presently 584.62%.

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About Kennedy-Wilson

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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