Kennedy-Wilson (NYSE:KW) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Kennedy-Wilson (NYSE:KW) from a hold rating to a sell rating in a research note published on Saturday, Zacks.com reports.

According to Zacks, “Kennedy Wilson is a vertically-integrated real estate investment and services company. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the United States and Japan. The company thrives on opportunity – identifying, creating, seizing and maximizing real estate opportunities. The company is headquartered in Beverly Hills, CA. “

Separately, ValuEngine raised shares of Kennedy-Wilson from a hold rating to a buy rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Kennedy-Wilson currently has a consensus rating of Hold and an average target price of $26.00.

NYSE:KW opened at $14.97 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 9.60 and a beta of 1.23. The company has a 50 day simple moving average of $14.92 and a two-hundred day simple moving average of $17.81. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.44 and a current ratio of 1.44. Kennedy-Wilson has a fifty-two week low of $10.98 and a fifty-two week high of $23.50.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, May 6th. The financial services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $123.30 million for the quarter. Kennedy-Wilson had a net margin of 40.99% and a return on equity of 32.28%. Research analysts predict that Kennedy-Wilson will post 1.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Monday, June 29th. Kennedy-Wilson’s dividend payout ratio (DPR) is 28.21%.

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Kennedy-Wilson during the 4th quarter worth approximately $43,000. Fieldpoint Private Securities LLC grew its position in Kennedy-Wilson by 75.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 2,263 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 974 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Kennedy-Wilson in the 1st quarter valued at $40,000. Marshall Wace North America L.P. acquired a new stake in Kennedy-Wilson in the 4th quarter valued at $73,000. Finally, Quantbot Technologies LP grew its position in Kennedy-Wilson by 193.3% in the 4th quarter. Quantbot Technologies LP now owns 3,757 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 2,476 shares during the period. 79.35% of the stock is owned by 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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