Kennedy-Wilson (NYSE:KW) Lowered to “Hold” at ValuEngine

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

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

KW traded up $0.65 during trading on Wednesday, hitting $22.63. 750,084 shares of the company’s stock were exchanged, compared to its average volume of 362,066. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.02. Kennedy-Wilson has a 1 year low of $17.25 and a 1 year high of $22.64. The stock has a 50 day moving average price of $21.26 and a 200 day moving average price of $21.17. The firm has a market cap of $3.09 billion, a P/E ratio of 16.66 and a beta of 1.13.

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

In other Kennedy-Wilson news, General Counsel Kent Y. Mouton sold 30,000 shares of the 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 completion of the sale, the general counsel now owns 474,956 shares of the company’s stock, valued at $9,765,095.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Kennedy-Wilson by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 1,373,963 shares of the financial services provider’s stock valued at $24,964,000 after purchasing an additional 151,877 shares in the last quarter. Comerica Bank acquired a new stake in shares of Kennedy-Wilson during the first quarter valued at about $200,000. Stevens Capital Management LP acquired a new stake in shares of Kennedy-Wilson during the first quarter valued at about $423,000. Boston Partners increased its position in shares of Kennedy-Wilson by 4.7% during the first quarter. Boston Partners now owns 100,622 shares of the financial services provider’s stock worth $2,152,000 after acquiring an additional 4,552 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Kennedy-Wilson during the first quarter worth about $8,506,000. 81.31% of the stock is currently owned by institutional investors and hedge funds.

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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