Kennedy-Wilson (NYSE:KW) Upgraded by Zacks Investment Research to Hold


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Zacks Investment Research upgraded shares of Kennedy-Wilson (NYSE:KW) from a sell rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

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. “

Separately, BidaskClub upgraded shares of Kennedy-Wilson from a hold rating to a buy rating in a research report on Tuesday, December 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $22.33.

Shares of NYSE:KW opened at $17.88 on Wednesday. The company has a debt-to-equity ratio of 4.21, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $2.53 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. Kennedy-Wilson has a 52 week low of $10.98 and a 52 week high of $22.80. The firm has a 50 day simple moving average of $17.39 and a 200 day simple moving average of $15.43.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.28). Kennedy-Wilson had a net margin of 19.52% and a return on equity of 22.05%. The business had revenue of $114.20 million for the quarter, compared to the consensus estimate of $137.04 million. On average, equities analysts predict that Kennedy-Wilson will post 0.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Thursday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Wednesday, December 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently 28.21%.

Several institutional investors and hedge funds have recently made changes to their positions in KW. Great West Life Assurance Co. Can boosted its stake in shares of Kennedy-Wilson by 5,802.4% during the third quarter. Great West Life Assurance Co. Can now owns 1,242,812 shares of the financial services provider’s stock valued at $1,546,000 after purchasing an additional 1,221,756 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Kennedy-Wilson by 4.9% during the second quarter. Vanguard Group Inc. now owns 19,843,619 shares of the financial services provider’s stock valued at $302,020,000 after acquiring an additional 929,332 shares in the last quarter. Ranger Global Real Estate Advisors LLC increased its holdings in shares of Kennedy-Wilson by 45.5% during the third quarter. Ranger Global Real Estate Advisors LLC now owns 2,685,720 shares of the financial services provider’s stock valued at $38,997,000 after acquiring an additional 840,365 shares in the last quarter. Central Securities Corp bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $8,276,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $6,858,000. 73.61% of the stock is currently owned by institutional investors.

Kennedy-Wilson Company Profile

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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