An issue of Kennedy-Wilson Holdings Inc (NYSE:KW) bonds fell 1% as a percentage of their face value during trading on Monday. The debt issue has a 5.875% coupon and will mature on April 1, 2024. The bonds in the issue are now trading at $100.25 and were trading at $100.25 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
KW has been the subject of a number of analyst reports. ValuEngine cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. JMP Securities upgraded Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, March 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.75.
Shares of Kennedy-Wilson Holdings Inc (KW) opened at $17.15 on Wednesday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $2,605.27, a price-to-earnings ratio of 24.86 and a beta of 1.34. Kennedy-Wilson Holdings Inc has a 12 month low of $15.95 and a 12 month high of $22.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 29th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Wednesday, March 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 110.15%.
A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in Kennedy-Wilson in the fourth quarter valued at about $274,000. MetLife Investment Advisors LLC purchased a new stake in Kennedy-Wilson in the fourth quarter valued at about $977,000. Eii Capital Management Inc. purchased a new stake in Kennedy-Wilson in the fourth quarter valued at about $236,000. BB&T Securities LLC raised its stake in Kennedy-Wilson by 197.5% in the fourth quarter. BB&T Securities LLC now owns 232,727 shares of the financial services provider’s stock valued at $4,037,000 after buying an additional 154,491 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Kennedy-Wilson in the fourth quarter valued at about $3,406,000. Institutional investors own 84.63% of the company’s stock.
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Kennedy-Wilson Company Profile
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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