Kennedy-Wilson (NYSE:KW) Downgraded by StockNews.com

StockNews.com lowered shares of Kennedy-Wilson (NYSE:KW) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, TheStreet lowered Kennedy-Wilson from a c- rating to a d+ rating in a research note on Thursday, February 22nd.

Kennedy-Wilson Trading Down 1.5 %

Shares of Kennedy-Wilson stock opened at $9.71 on Friday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -4.93 and a beta of 1.09. Kennedy-Wilson has a 1 year low of $7.85 and a 1 year high of $17.43. The company’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $10.08. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.34.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. The business had revenue of $136.40 million for the quarter. As a group, sell-side analysts expect that Kennedy-Wilson will post -0.03 EPS for the current year.

Kennedy-Wilson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, June 28th. Kennedy-Wilson’s dividend payout ratio is -48.73%.

Hedge Funds Weigh In On Kennedy-Wilson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KW. Mackenzie Financial Corp increased its position in shares of Kennedy-Wilson by 10.2% during the fourth quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock worth $56,200,000 after acquiring an additional 421,365 shares in the last quarter. Elkhorn Partners Limited Partnership increased its holdings in Kennedy-Wilson by 2.9% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock worth $37,226,000 after purchasing an additional 121,223 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kennedy-Wilson by 2.9% in the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after purchasing an additional 66,623 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kennedy-Wilson by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock valued at $19,902,000 after purchasing an additional 70,978 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Kennedy-Wilson by 1.9% in the third quarter. Northern Trust Corp now owns 1,584,047 shares of the financial services provider’s stock valued at $23,349,000 after purchasing an additional 29,772 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.