Kennedy-Wilson Holdings Inc. (KW) Cut to “Hold” at Zacks Investment Research
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. “
A number of other equities analysts have also recently commented on the stock. Goodbody reaffirmed a buy rating on shares of Kennedy-Wilson Holdings in a report on Friday, November 4th. B. Riley reaffirmed a buy rating and issued a $30.00 target price on shares of Kennedy-Wilson Holdings in a report on Monday, November 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Kennedy-Wilson Holdings has an average rating of Buy and a consensus price target of $29.50.
Kennedy-Wilson Holdings (NYSE:KW) traded up 1.71% during trading on Tuesday, reaching $20.85. 85,711 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $20.96 and a 200 day moving average price of $21.17. Kennedy-Wilson Holdings has a 52 week low of $15.74 and a 52 week high of $23.77. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 155.60 and a beta of 1.41.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Friday, December 30th were given a $0.14 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $0.56 dividend on an annualized basis and a yield of 2.73%. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 400.00%.
A number of institutional investors have recently bought and sold shares of the stock. Skylands Capital LLC raised its position in Kennedy-Wilson Holdings by 39.7% in the second quarter. Skylands Capital LLC now owns 549,800 shares of the company’s stock worth $10,424,000 after buying an additional 156,300 shares during the period. Diversified Trust Co raised its stake in shares of Kennedy-Wilson Holdings by 4.1% in the second quarter. Diversified Trust Co now owns 31,243 shares of the company’s stock valued at $592,000 after buying an additional 1,223 shares during the last quarter. Real Estate Management Services LLC raised its stake in shares of Kennedy-Wilson Holdings by 17.5% in the second quarter. Real Estate Management Services LLC now owns 1,377,300 shares of the company’s stock valued at $26,114,000 after buying an additional 205,500 shares during the last quarter. Northpointe Capital LLC raised its stake in shares of Kennedy-Wilson Holdings by 7.2% in the second quarter. Northpointe Capital LLC now owns 315,738 shares of the company’s stock valued at $5,986,000 after buying an additional 21,106 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Kennedy-Wilson Holdings by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 392,638 shares of the company’s stock valued at $7,445,000 after buying an additional 2,481 shares during the last quarter. Hedge funds and other institutional investors own 77.23% 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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