Kennedy-Wilson Holdings Inc (NYSE:KW) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday, July 24th.
A number of other research analysts have also commented on KW. B. Riley reaffirmed a “buy” rating and set a $29.00 price target on shares of Kennedy-Wilson Holdings in a research report on Monday, March 27th. BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. JMP Securities lowered Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG lowered Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $28.50.
Kennedy-Wilson Holdings (KW) remained flat at $19.70 during trading on Monday. The company had a trading volume of 1,029,116 shares. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $20.44. The firm has a market cap of $2.25 billion, a P/E ratio of 104.23 and a beta of 1.36. Kennedy-Wilson Holdings has a 52 week low of $17.95 and a 52 week high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.08 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 return on equity of 3.60% and a net margin of 12.26%. Kennedy-Wilson Holdings’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. On average, equities research analysts forecast that Kennedy-Wilson Holdings will post ($0.23) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in KW. Vanguard Group Inc. raised its position in shares of Kennedy-Wilson Holdings by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,596,624 shares of the financial services provider’s stock valued at $144,716,000 after buying an additional 263,567 shares in the last quarter. BlackRock Inc. raised its position in shares of Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock valued at $138,997,000 after buying an additional 6,245,200 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in Kennedy-Wilson Holdings by 1.1% in the second quarter. Fiduciary Management Inc. WI now owns 2,495,763 shares of the financial services provider’s stock valued at $47,544,000 after buying an additional 26,313 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kennedy-Wilson Holdings by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,431,812 shares of the financial services provider’s stock valued at $46,326,000 after buying an additional 194,829 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Kennedy-Wilson Holdings by 0.4% in the second quarter. Teachers Advisors LLC now owns 1,596,580 shares of the financial services provider’s stock valued at $30,415,000 after buying an additional 6,811 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.
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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