Kennedy-Wilson Holdings Inc. (KW) Given Average Recommendation of “Buy” by Brokerages
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) have earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $28.50.
Several equities analysts have commented on the stock. BidaskClub cut shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th.
A number of hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Kennedy-Wilson Holdings in the 2nd quarter valued at approximately $809,000. Raymond James Financial Services Advisors Inc. boosted its position in Kennedy-Wilson Holdings by 275.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 129,734 shares of the financial services provider’s stock valued at $2,471,000 after buying an additional 95,154 shares during the period. State Street Corp boosted its position in Kennedy-Wilson Holdings by 6.3% in the 2nd quarter. State Street Corp now owns 1,613,426 shares of the financial services provider’s stock valued at $30,737,000 after buying an additional 96,238 shares during the period. Third Avenue Management LLC boosted its position in Kennedy-Wilson Holdings by 0.3% in the 2nd quarter. Third Avenue Management LLC now owns 1,242,253 shares of the financial services provider’s stock valued at $23,665,000 after buying an additional 3,500 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in Kennedy-Wilson Holdings in the 2nd quarter valued at approximately $387,000. 84.42% of the stock is owned by institutional investors.
Shares of Kennedy-Wilson Holdings (NYSE KW) traded down 0.27% during trading on Friday, reaching $18.55. 500,210 shares of the company were exchanged. The firm has a 50-day moving average price of $19.29 and a 200-day moving average price of $20.05. The stock has a market capitalization of $2.12 billion, a P/E ratio of 98.15 and a beta of 1.37. Kennedy-Wilson Holdings has a 1-year low of $17.95 and a 1-year high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.16. The firm had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $178.55 million. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) EPS. Equities research analysts predict that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 annualized dividend and a yield of 3.67%. Kennedy-Wilson Holdings’s dividend payout ratio is presently 377.80%.
Kennedy-Wilson Holdings 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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