Kennedy-Wilson Holdings Inc. (NYSE:KW) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday, July 24th.
A number of other research analysts have also issued reports on KW. B. Riley reiterated a “buy” rating and issued a $29.00 price objective on shares of Kennedy-Wilson Holdings in a report on Monday, March 27th. Deutsche Bank AG dropped their price objective on shares of Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. Finally, BTIG Research restated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.50.
Shares of Kennedy-Wilson Holdings (NYSE:KW) opened at 18.80 on Monday. The firm has a market cap of $2.15 billion, a PE ratio of 99.47 and a beta of 1.36. Kennedy-Wilson Holdings has a 12 month low of $17.95 and a 12 month high of $23.77. The stock’s 50 day moving average is $19.54 and its 200 day moving average is $20.40.
Kennedy-Wilson Holdings (NYSE:KW) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Analysts forecast that Kennedy-Wilson Holdings will post ($0.39) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $158,000. Prudential Financial Inc. purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $215,000. Karp Capital Management Corp purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $227,000. Amalgamated Bank raised its position in Kennedy-Wilson Holdings by 3.7% in the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after buying an additional 377 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kennedy-Wilson Holdings by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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