Kennedy-Wilson (NYSE:KW) Posts Quarterly Earnings Results, Beats Expectations By $0.58 EPS

Kennedy-Wilson (NYSE:KW) released its quarterly earnings data on Wednesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.58, Zacks reports. Kennedy-Wilson had a return on equity of 19.00% and a net margin of 1.59%.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW traded down $0.03 on Wednesday, hitting $10.85. The company’s stock had a trading volume of 1,705,176 shares, compared to its average volume of 1,329,572. Kennedy-Wilson has a 12 month low of $5.98 and a 12 month high of $10.95. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -41.73 and a beta of 1.02. The stock’s 50-day moving average is $9.96 and its two-hundred day moving average is $9.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.24 and a current ratio of 1.24.

Hedge Funds Weigh In On Kennedy-Wilson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Kennedy-Wilson by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock valued at $45,686,000 after buying an additional 131,145 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kennedy-Wilson by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock valued at $30,224,000 after acquiring an additional 33,798 shares in the last quarter. UBS Group AG boosted its holdings in shares of Kennedy-Wilson by 133.8% in the third quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock valued at $11,570,000 after acquiring an additional 795,844 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kennedy-Wilson by 7.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,265,695 shares of the financial services provider’s stock valued at $12,239,000 after acquiring an additional 87,079 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Kennedy-Wilson by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 1,058,695 shares of the financial services provider’s stock worth $7,199,000 after purchasing an additional 64,889 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

KW has been the topic of a number of recent research reports. Wall Street Zen cut Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $11.00 price objective on shares of Kennedy-Wilson in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Kennedy-Wilson in a research report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Kennedy-Wilson currently has a consensus rating of “Sell” and an average price target of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.