Kennedy-Wilson (NYSE:KW) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Kennedy-Wilson (NYSE:KWFree Report) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Separately, TheStreet lowered shares of Kennedy-Wilson from a c- rating to a d+ rating in a report on Thursday, February 22nd.

View Our Latest Stock Analysis on Kennedy-Wilson

Kennedy-Wilson Stock Up 0.3 %

KW opened at $10.00 on Thursday. The firm’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $10.20. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44. Kennedy-Wilson has a twelve month low of $7.85 and a twelve month high of $17.43. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -5.08 and a beta of 1.04.

Kennedy-Wilson (NYSE:KWGet Free Report) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($1.44). Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. The firm had revenue of $140.10 million during the quarter. Equities research analysts anticipate that Kennedy-Wilson will post -0.03 EPS for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Friday, June 28th. Kennedy-Wilson’s dividend payout ratio is currently -48.73%.

Institutional Investors Weigh In On Kennedy-Wilson

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Kennedy-Wilson by 2.9% during the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after purchasing an additional 66,623 shares during the period. Mackenzie Financial Corp lifted its position in Kennedy-Wilson by 10.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock valued at $56,200,000 after purchasing an additional 421,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Kennedy-Wilson by 21.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,175 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 8,911 shares during the period. Central Securities Corp lifted its position in Kennedy-Wilson by 5.0% during the 4th quarter. Central Securities Corp now owns 1,050,000 shares of the financial services provider’s stock valued at $12,999,000 after purchasing an additional 50,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Kennedy-Wilson by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock valued at $22,650,000 after purchasing an additional 85,481 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Company Profile

(Get Free Report)

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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