News coverage about Kennedy-Wilson (NYSE:KW) has trended positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennedy-Wilson earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.5952733779436 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms have issued reports on KW. ValuEngine cut shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. JMP Securities upgraded shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.00.
NYSE KW opened at $18.55 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The company has a market capitalization of $2,801.61, a price-to-earnings ratio of 41.22 and a beta of 1.28. Kennedy-Wilson has a 12-month low of $15.95 and a 12-month high of $21.45.
Kennedy-Wilson declared that its board has approved a share buyback plan on Tuesday, March 20th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 29th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Wednesday, March 28th. Kennedy-Wilson’s dividend payout ratio is 168.89%.
In other news, CFO Justin Enbody sold 17,290 shares of Kennedy-Wilson stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $16.87, for a total value of $291,682.30. Following the transaction, the chief financial officer now owns 300,116 shares of the company’s stock, valued at $5,062,956.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matthew Windisch sold 24,370 shares of Kennedy-Wilson stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $16.87, for a total transaction of $411,121.90. Following the completion of the transaction, the executive vice president now directly owns 543,627 shares in the company, valued at approximately $9,170,987.49. The disclosure for this sale can be found here. In the last three months, insiders sold 231,950 shares of company stock worth $3,912,997. Insiders own 17.07% of the company’s stock.
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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