Kennedy-Wilson (KW) Expected to Announce Quarterly Earnings on Wednesday

Kennedy-Wilson (NYSE:KW) will likely be posting its results before the market opens on Wednesday, February 25th. Analysts expect Kennedy-Wilson to post earnings of ($0.1429) per share and revenue of $232.9560 million for the quarter.

Kennedy-Wilson Stock Up 0.3%

Kennedy-Wilson stock opened at $10.90 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.99. Kennedy-Wilson has a 1-year low of $5.98 and a 1-year high of $10.95. The company has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $9.08. The company has a market cap of $1.50 billion, a P/E ratio of -41.92 and a beta of 1.02.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KW shares. Weiss Ratings restated a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Monday, December 29th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a research report on Thursday, December 18th. Finally, Wall Street Zen cut Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $10.00.

Hedge Funds Weigh In On Kennedy-Wilson

A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP bought a new position in shares of Kennedy-Wilson during the 2nd quarter worth approximately $468,000. Quadrature Capital Ltd acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $392,000. Sei Investments Co. boosted its position in Kennedy-Wilson by 6.4% during the third quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 1,863 shares during the period. Olympiad Research LP acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at $249,000. Finally, AQR Capital Management LLC raised its position in shares of Kennedy-Wilson by 19.5% in the first quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 3,899 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.