Other equities research analysts have also issued reports about the company. ValuEngine raised Kennedy-Wilson from a hold rating to a buy rating in a research note on Tuesday, October 2nd. Deutsche Bank decreased their target price on Kennedy-Wilson from $26.00 to $25.00 and set a hold rating for the company in a research report on Wednesday, August 29th. Finally, TheStreet lowered Kennedy-Wilson from a b- rating to a c rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $27.33.
Shares of KW stock traded up $0.06 on Thursday, reaching $19.77. 5,940 shares of the company’s stock were exchanged, compared to its average volume of 391,676. Kennedy-Wilson has a 52 week low of $15.95 and a 52 week high of $22.27. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $2.78 billion, a P/E ratio of 43.96 and a beta of 1.39.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.17. Kennedy-Wilson had a return on equity of 14.99% and a net margin of 28.15%. The firm had revenue of $185.80 million during the quarter, compared to analyst estimates of $199.49 million. During the same period last year, the company earned $0.31 EPS. Kennedy-Wilson’s quarterly revenue was down 31.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 28th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 27th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 4.25%. Kennedy-Wilson’s payout ratio is 168.89%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of Kennedy-Wilson in the 2nd quarter worth $103,000. Sei Investments Co. raised its position in shares of Kennedy-Wilson by 60.3% in the 2nd quarter. Sei Investments Co. now owns 6,260 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 2,355 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Kennedy-Wilson by 291.8% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,107 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 6,038 shares in the last quarter. Redpoint Investment Management Pty Ltd bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth $204,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Kennedy-Wilson in the 2nd quarter worth $230,000. 83.67% of the stock is owned by institutional investors and hedge funds.
Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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