Kennedy-Wilson's (KW) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for Kennedy-Wilson (KW), indicating ongoing concerns about the company's stock performance.
• In contrast, Wall Street Zen upgraded Kennedy-Wilson from "sell" to "buy," signaling a potential positive outlook from some analysts.
• The company reported $0.17 earnings per share for the last quarter, significantly exceeding the consensus estimate of $0.07 but still fell short on revenue projections.

Kennedy-Wilson (NYSE:KW - Get Free Report)'s stock had its "sell (d+)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $9.00.

Kennedy-Wilson Stock Performance

Shares of Kennedy-Wilson stock opened at $7.73 on Wednesday. Kennedy-Wilson has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.07 billion, a P/E ratio of -11.54, a P/E/G ratio of 2.49 and a beta of 1.18. The company's 50 day moving average price is $8.29 and its two-hundred day moving average price is $7.43.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.10. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. The firm had revenue of $135.70 million for the quarter, compared to analyst estimates of $229.98 million. On average, equities analysts forecast that Kennedy-Wilson will post 2.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kennedy-Wilson

Several hedge funds and other institutional investors have recently bought and sold shares of KW. GAMMA Investing LLC increased its stake in Kennedy-Wilson by 35.2% in the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,388 shares in the last quarter. State of Wyoming bought a new stake in Kennedy-Wilson in the second quarter valued at $58,000. PharVision Advisers LLC bought a new stake in Kennedy-Wilson in the second quarter valued at $73,000. Tower Research Capital LLC TRC increased its position in shares of Kennedy-Wilson by 305.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider's stock worth $92,000 after acquiring an additional 10,215 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kennedy-Wilson in the 1st quarter worth about $92,000. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Company Profile

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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