Kennedy-Wilson (NYSE:KW) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also issued reports on KW. BidaskClub lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BTIG Research restated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Kennedy-Wilson currently has an average rating of “Hold” and a consensus price target of $28.33.

Kennedy-Wilson (NYSE:KW) opened at $19.25 on Friday. Kennedy-Wilson has a 12-month low of $17.95 and a 12-month high of $22.65. The stock has a market capitalization of $2,915.30, a P/E ratio of 45.83, a price-to-earnings-growth ratio of 6.88 and a beta of 1.40. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The business had revenue of $277.20 million during the quarter, compared to analyst estimates of $177.89 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 59.0% compared to the same quarter last year. equities research analysts forecast that Kennedy-Wilson will post 0.35 EPS for the current fiscal year.

In other news, Director Stanley R. Zax purchased 50,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the acquisition, the director now owns 300,300 shares of the company’s stock, valued at $5,759,754. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.07% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Kennedy-Wilson in the third quarter worth approximately $129,000. Prudential Financial Inc. raised its stake in Kennedy-Wilson by 3.9% in the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after buying an additional 380 shares in the last quarter. Amalgamated Bank raised its stake in Kennedy-Wilson by 3.7% in the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after buying an additional 377 shares in the last quarter. GSA Capital Partners LLP bought a new position in Kennedy-Wilson in the third quarter worth approximately $206,000. Finally, Principal Financial Group Inc. raised its stake in Kennedy-Wilson by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock worth $209,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 66.56% of the company’s stock.

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About Kennedy-Wilson

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

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