Kennedy-Wilson Holdings Inc (KW) Receives $28.33 Consensus Target Price from Analysts
Kennedy-Wilson Holdings Inc (NYSE:KW) has received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $28.33.
KW has been the subject of a number of research analyst reports. Deutsche Bank restated a “hold” rating and set a $23.00 price objective on shares of Kennedy-Wilson in a report on Monday, October 30th. BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson in a report on Tuesday, October 17th. ValuEngine downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd.
In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 300,300 shares of the company’s stock, valued at $5,759,754. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 17.07% of the stock is owned by company insiders.
Kennedy-Wilson (NYSE KW) traded down $0.45 during midday trading on Friday, reaching $18.60. 1,190,693 shares of the company were exchanged, compared to its average volume of 802,232. Kennedy-Wilson has a 1-year low of $17.95 and a 1-year high of $22.65. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market capitalization of $2,930.44, a P/E ratio of 46.07, a PEG ratio of 6.91 and a beta of 1.37.
Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was up 59.0% compared to the same quarter last year. research analysts predict that Kennedy-Wilson will post 0.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s dividend payout ratio (DPR) is currently 523.12%.
Kennedy-Wilson Company Profile
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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