Kennedy-Wilson (NYSE:KW) Reaches New 12-Month High at $23.05

Kennedy-Wilson Holdings Inc (NYSE:KW)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $23.05 and last traded at $23.01, with a volume of 2568 shares. The stock had previously closed at $22.71.

KW has been the topic of several analyst reports. ValuEngine cut shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $26.51.

The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average price is $21.75 and its 200-day moving average price is $21.33. The company has a market capitalization of $3.27 billion, a P/E ratio of 17.22 and a beta of 1.11.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were issued a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 3.64%.

Institutional investors have recently added to or reduced their stakes in the business. Trexquant Investment LP raised its stake in shares of Kennedy-Wilson by 4.2% during the second quarter. Trexquant Investment LP now owns 13,264 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 540 shares during the last quarter. Comerica Bank raised its stake in shares of Kennedy-Wilson by 7.9% during the second quarter. Comerica Bank now owns 9,835 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 716 shares during the last quarter. Strs Ohio raised its stake in shares of Kennedy-Wilson by 17.3% during the third quarter. Strs Ohio now owns 8,800 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,300 shares during the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Kennedy-Wilson by 2.4% during the third quarter. Bowling Portfolio Management LLC now owns 59,370 shares of the financial services provider’s stock valued at $1,301,000 after acquiring an additional 1,391 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kennedy-Wilson by 5.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,344 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 1,704 shares during the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

About Kennedy-Wilson (NYSE:KW)

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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