Kennedy-Wilson Holdings Inc. (NYSE:KW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Kennedy Wilson is a vertically-integrated real estate investment and services company. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the United States and Japan. The company thrives on opportunity – identifying, creating, seizing and maximizing real estate opportunities. The company is headquartered in Beverly Hills, CA. “

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank AG restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th. BTIG Research reiterated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research report on Tuesday, July 5th. B. Riley reiterated a “buy” rating and set a $31.75 price objective on shares of Kennedy-Wilson Holdings in a research report on Sunday, August 14th. Goodbody reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Finally, Davy Research reiterated an “outperform” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.69.

Analyst Recommendations for Kennedy-Wilson Holdings (NYSE:KW)

Shares of Kennedy-Wilson Holdings (NYSE:KW) opened at 21.89 on Tuesday. Kennedy-Wilson Holdings has a 1-year low of $15.74 and a 1-year high of $26.44. The firm has a 50-day moving average of $22.20 and a 200 day moving average of $21.06. The company has a market capitalization of $2.46 billion, a P/E ratio of 75.22 and a beta of 1.45.

Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $175.90 million. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts expect that Kennedy-Wilson Holdings will post ($0.29) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.56%. The ex-dividend date was Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio is presently 186.67%.

A number of large investors have recently made changes to their positions in KW. Keeley Asset Management Corp boosted its stake in shares of Kennedy-Wilson Holdings by 160.3% in the second quarter. Keeley Asset Management Corp now owns 2,547,565 shares of the company’s stock valued at $48,302,000 after buying an additional 1,569,040 shares in the last quarter. Third Avenue Management LLC raised its position in Kennedy-Wilson Holdings by 165.6% in the first quarter. Third Avenue Management LLC now owns 1,441,412 shares of the company’s stock valued at $31,567,000 after buying an additional 898,612 shares during the last quarter. Wellington Management Group LLP raised its position in Kennedy-Wilson Holdings by 4.9% in the first quarter. Wellington Management Group LLP now owns 15,206,575 shares of the company’s stock valued at $333,023,000 after buying an additional 712,709 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Kennedy-Wilson Holdings by 19.5% in the second quarter. TimesSquare Capital Management LLC now owns 3,418,461 shares of the company’s stock valued at $64,814,000 after buying an additional 558,090 shares during the last quarter. Finally, Heartland Advisors Inc. raised its position in Kennedy-Wilson Holdings by 275.5% in the second quarter. Heartland Advisors Inc. now owns 751,000 shares of the company’s stock valued at $14,239,000 after buying an additional 551,000 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.

About Kennedy-Wilson Holdings

Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.

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