Kennedy-Wilson (NYSE:KW) had its target price reduced by analysts at Deutsche Bank from $26.00 to $25.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s target price points to a potential upside of 16.01% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. JMP Securities increased their target price on shares of Kennedy-Wilson from $23.00 to $24.00 and gave the company a “market outperform” rating in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Kennedy-Wilson from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, TheStreet upgraded shares of Kennedy-Wilson from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Kennedy-Wilson presently has an average rating of “Buy” and a consensus price target of $27.33.

Shares of NYSE KW opened at $21.55 on Wednesday. The stock has a market capitalization of $3.09 billion, a PE ratio of 47.89 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. Kennedy-Wilson has a 52 week low of $15.95 and a 52 week high of $22.27.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.71. The business had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $189.78 million. Kennedy-Wilson had a net margin of 22.76% and a return on equity of 11.75%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share.

In related news, Director Cathy Hendrickson sold 10,500 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $21.90, for a total transaction of $229,950.00. Following the completion of the sale, the director now directly owns 57,718 shares in the company, valued at $1,264,024.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.58% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in KW. Wayne Hummer Investments L.L.C. increased its position in shares of Kennedy-Wilson by 145.1% during the first quarter. Wayne Hummer Investments L.L.C. now owns 26,350 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 15,600 shares during the last quarter. PM CAPITAL Ltd increased its position in shares of Kennedy-Wilson by 139.9% during the first quarter. PM CAPITAL Ltd now owns 248,995 shares of the financial services provider’s stock valued at $4,332,000 after acquiring an additional 145,215 shares during the last quarter. Fairfax Financial Holdings Ltd Can increased its position in shares of Kennedy-Wilson by 8.1% during the first quarter. Fairfax Financial Holdings Ltd Can now owns 13,322,009 shares of the financial services provider’s stock valued at $231,803,000 after acquiring an additional 1,000,088 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Kennedy-Wilson by 95.7% during the first quarter. Principal Financial Group Inc. now owns 3,480,739 shares of the financial services provider’s stock valued at $60,565,000 after acquiring an additional 1,702,404 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Kennedy-Wilson during the second quarter valued at about $352,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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