Wall Street Zen Downgrades Kennedy-Wilson (NYSE:KW) to Sell

Kennedy-Wilson (NYSE:KW - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Kennedy-Wilson Stock Down 2.4%

Shares of KW stock traded down $0.19 during trading hours on Friday, reaching $7.59. The company had a trading volume of 691,499 shares, compared to its average volume of 748,659. Kennedy-Wilson has a 12 month low of $5.98 and a 12 month high of $11.88. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $6.66 and a 200-day simple moving average of $7.90. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -7.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. The company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. On average, research analysts expect that Kennedy-Wilson will post 2.87 earnings per share for the current fiscal year.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow purchased 200,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the transaction, the chief executive officer owned 8,049,517 shares of the company's stock, valued at $51,194,928.12. The trade was a 2.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.30% of the company's stock.

Institutional Trading of Kennedy-Wilson

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC increased its position in Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after buying an additional 3,248 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Kennedy-Wilson in the first quarter worth $92,000. Cibc World Markets Corp purchased a new stake in Kennedy-Wilson in the fourth quarter worth $106,000. Sherbrooke Park Advisers LLC purchased a new stake in Kennedy-Wilson in the fourth quarter worth $114,000. Finally, Versor Investments LP purchased a new stake in Kennedy-Wilson in the first quarter worth $115,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

About Kennedy-Wilson

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.