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. “
KW has been the topic of several other reports. Goodbody reissued a buy rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Deutsche Bank AG reissued a buy rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. BTIG Research reissued a buy rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a research report on Tuesday, July 5th. B. Riley reissued a buy rating and issued a $31.75 target price on shares of Kennedy-Wilson Holdings in a research report on Tuesday, August 9th. Finally, Davy Research reissued an outperform rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Kennedy-Wilson Holdings currently has an average rating of Buy and an average price target of $30.69.
Kennedy-Wilson Holdings (NYSE:KW) opened at 20.52 on Tuesday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 70.52 and a beta of 1.45. The stock’s 50 day moving average price is $22.08 and its 200 day moving average price is $21.05. Kennedy-Wilson Holdings has a one year low of $15.74 and a one year high of $26.44.
Kennedy-Wilson Holdings (NYSE:KW) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a return on equity of 3.65% and a net margin of 5.15%. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $175.90 million. During the same period last year, the firm posted $0.29 earnings per share. Kennedy-Wilson Holdings’s revenue was up 25.6% compared to the same quarter last year. Equities analysts predict that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 30th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is currently 186.67%.
Several hedge funds and other institutional investors have recently bought and sold shares of KW. BlackRock Institutional Trust Company N.A. increased its position in Kennedy-Wilson Holdings by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,371,180 shares of the company’s stock valued at $51,929,000 after buying an additional 68,146 shares during the period. Real Estate Management Services LLC increased its position in Kennedy-Wilson Holdings by 17.5% in the second quarter. Real Estate Management Services LLC now owns 1,377,300 shares of the company’s stock valued at $26,114,000 after buying an additional 205,500 shares during the period. BlackRock Inc. increased its position in Kennedy-Wilson Holdings by 161.0% in the first quarter. BlackRock Inc. now owns 6,827 shares of the company’s stock valued at $150,000 after buying an additional 4,211 shares during the period. Virginia Retirement System bought a new position in Kennedy-Wilson Holdings during the first quarter valued at approximately $311,000. Finally, Skylands Capital LLC increased its position in Kennedy-Wilson Holdings by 39.7% in the second quarter. Skylands Capital LLC now owns 549,800 shares of the company’s stock valued at $10,424,000 after buying an additional 156,300 shares during the period. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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