ValuEngine Downgrades Kennedy-Wilson (NYSE:KW) to Hold

Kennedy-Wilson (NYSE:KW) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday, ValuEngine reports.

Separately, BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.51.

Shares of KW stock opened at $22.49 on Wednesday. The firm has a 50 day moving average price of $21.26 and a two-hundred day moving average price of $21.17. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The company has a market capitalization of $3.13 billion, a PE ratio of 16.91 and a beta of 1.13. Kennedy-Wilson has a 12-month low of $17.25 and a 12-month high of $22.75.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. Kennedy-Wilson had a net margin of 13.61% and a return on equity of 13.49%. The firm had revenue of $143.70 million during the quarter, compared to the consensus estimate of $160.05 million. During the same period last year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was down 34.0% compared to the same quarter last year.

In related news, General Counsel Kent Y. Mouton sold 30,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $20.56, for a total value of $616,800.00. Following the transaction, the general counsel now directly owns 474,956 shares of the company’s stock, valued at $9,765,095.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in Kennedy-Wilson in the 2nd quarter worth about $50,000. Point72 Asset Management L.P. purchased a new position in shares of Kennedy-Wilson during the 2nd quarter worth $76,000. Advisor Group Inc. raised its holdings in shares of Kennedy-Wilson by 34.7% during the 2nd quarter. Advisor Group Inc. now owns 7,579 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,954 shares during the period. Comerica Bank purchased a new position in shares of Kennedy-Wilson during the 1st quarter worth $200,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Kennedy-Wilson during the 1st quarter worth $201,000. 81.31% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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