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 note issued to investors on Monday.
Kennedy-Wilson Stock Down 0.7%
Shares of KW traded down $0.06 during midday trading on Monday, reaching $7.36. 80,466 shares of the stock were exchanged, compared to its average volume of 879,370. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 6.23. The company's 50 day moving average is $6.94 and its two-hundred day moving average is $7.71. The company has a market capitalization of $1.02 billion, a P/E ratio of -7.00, a PEG ratio of 26.72 and a beta of 1.07. Kennedy-Wilson has a 52 week low of $5.98 and a 52 week high of $11.88.
Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. The business had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. On average, sell-side analysts anticipate that Kennedy-Wilson will post 2.87 earnings per share for the current year.
Insider Activity at Kennedy-Wilson
In other Kennedy-Wilson news, CEO William J. Mcmorrow acquired 200,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the acquisition, the chief executive officer directly owned 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. The trade was a 2.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 20.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Kennedy-Wilson
A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Kennedy-Wilson by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,987,697 shares of the financial services provider's stock valued at $17,253,000 after buying an additional 10,074 shares in the last quarter. Northern Trust Corp raised its holdings in Kennedy-Wilson by 18.2% in the 4th quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock valued at $15,704,000 after acquiring an additional 241,943 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in Kennedy-Wilson by 2.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,291,042 shares of the financial services provider's stock valued at $11,206,000 after buying an additional 32,539 shares in the last quarter. Rock Point Advisors LLC raised its stake in Kennedy-Wilson by 1.2% during the first quarter. Rock Point Advisors LLC now owns 1,059,030 shares of the financial services provider's stock worth $9,192,000 after purchasing an additional 13,015 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kennedy-Wilson by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 879,644 shares of the financial services provider's stock valued at $7,635,000 after acquiring an additional 30,176 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.
Kennedy-Wilson Company Profile
(
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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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