Kennedy-Wilson Holdings Inc. (NYSE:KW) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday, July 24th.
A number of other equities research analysts also recently weighed in on KW. B. Riley restated a “buy” rating and issued a $29.00 target price on shares of Kennedy-Wilson Holdings in a research report on Monday, March 27th. Deutsche Bank AG cut their target price on Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. JMP Securities downgraded Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. Finally, BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kennedy-Wilson Holdings currently has a consensus rating of “Buy” and a consensus target price of $28.50.
Kennedy-Wilson Holdings (NYSE KW) traded down 1.25% during mid-day trading on Monday, hitting $19.75. The stock had a trading volume of 753,635 shares. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 235.12 and a beta of 1.36. Kennedy-Wilson Holdings has a 12-month low of $17.95 and a 12-month high of $23.77. The company has a 50-day moving average of $19.19 and a 200-day moving average of $20.47.
Kennedy-Wilson Holdings (NYSE:KW) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Kennedy-Wilson Holdings had a return on equity of 2.27% and a net margin of 3.13%. The business had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. During the same period in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts anticipate that Kennedy-Wilson Holdings will post ($0.23) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Central Securities Corp bought a new stake in shares of Kennedy-Wilson Holdings during the first quarter worth approximately $2,271,000. American International Group Inc. increased its stake in shares of Kennedy-Wilson Holdings by 4.7% in the first quarter. American International Group Inc. now owns 49,686 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 2,237 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Kennedy-Wilson Holdings by 80.6% in the first quarter. JPMorgan Chase & Co. now owns 183,629 shares of the financial services provider’s stock worth $4,077,000 after buying an additional 81,977 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Kennedy-Wilson Holdings by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock worth $862,000 after buying an additional 4,000 shares during the period. Finally, BB&T Securities LLC increased its stake in shares of Kennedy-Wilson Holdings by 0.7% in the first quarter. BB&T Securities LLC now owns 57,236 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 392 shares during the period. Institutional investors own 82.03% of the company’s stock.
About Kennedy-Wilson Holdings
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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