Kennedy-Wilson (NYSE:KW) Rating Lowered to Sell at StockNews.com

Kennedy-Wilson (NYSE:KWGet Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $16.36 on Wednesday. The firm has a 50-day moving average of $19.05 and a 200-day moving average of $20.75. The company has a market cap of $2.25 billion, a P/E ratio of 17.98, a P/E/G ratio of 4.12 and a beta of 1.13. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.05 and a quick ratio of 1.05. Kennedy-Wilson has a one year low of $16.23 and a one year high of $25.30.

Insider Activity at Kennedy-Wilson

In related news, Director Stanley R. Zax purchased 35,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of $18.15 per share, for a total transaction of $635,250.00. Following the completion of the transaction, the director now owns 458,800 shares in the company, valued at $8,327,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Stanley R. Zax purchased 35,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of $18.15 per share, for a total transaction of $635,250.00. Following the completion of the transaction, the director now owns 458,800 shares in the company, valued at $8,327,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Mary Ricks sold 62,357 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $19.05, for a total transaction of $1,187,900.85. Following the transaction, the president now owns 2,031,929 shares of the company’s stock, valued at approximately $38,708,247.45. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kennedy-Wilson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KW. Steward Partners Investment Advisory LLC lifted its holdings in shares of Kennedy-Wilson by 47.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider’s stock worth $36,000 after buying an additional 473 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Kennedy-Wilson by 1.4% in the first quarter. Belpointe Asset Management LLC now owns 40,072 shares of the financial services provider’s stock worth $977,000 after buying an additional 545 shares in the last quarter. abrdn plc lifted its holdings in shares of Kennedy-Wilson by 2.2% in the first quarter. abrdn plc now owns 26,363 shares of the financial services provider’s stock worth $652,000 after buying an additional 557 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Kennedy-Wilson by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 57,469 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 590 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Kennedy-Wilson by 15.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,430 shares of the financial services provider’s stock worth $103,000 after buying an additional 720 shares in the last quarter. Institutional investors own 80.12% of the company’s stock.

Kennedy-Wilson Company Profile

(Get Rating)

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

Further Reading

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