Kennedy-Wilson (NYSE:KW) Downgraded to Sell at StockNews.com

StockNews.com cut shares of Kennedy-Wilson (NYSE:KW) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Kennedy-Wilson Stock Down 0.3 %

NYSE KW opened at $9.70 on Monday. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $1.33 billion, a P/E ratio of -4.92 and a beta of 1.09. Kennedy-Wilson has a one year low of $7.85 and a one year high of $17.43. The stock has a 50 day moving average price of $9.55 and a 200-day moving average price of $9.94.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.92. The firm had revenue of $136.40 million during the quarter. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. As a group, equities analysts predict that Kennedy-Wilson will post -0.03 EPS for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be given a $0.12 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 4.95%. Kennedy-Wilson’s dividend payout ratio is presently -24.37%.

Institutional Trading of Kennedy-Wilson

A number of institutional investors have recently bought and sold shares of the stock. Elkhorn Partners Limited Partnership lifted its position in shares of Kennedy-Wilson by 0.9% during the first quarter. Elkhorn Partners Limited Partnership now owns 4,257,500 shares of the financial services provider’s stock worth $36,529,000 after purchasing an additional 40,000 shares during the last quarter. BTG Pactual Global Asset Management Ltd bought a new stake in shares of Kennedy-Wilson during the first quarter worth $91,000. Public Employees Retirement System of Ohio lifted its position in shares of Kennedy-Wilson by 6,378.2% during the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 169,468 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kennedy-Wilson by 19.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 13,214 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Kennedy-Wilson during the first quarter worth $73,000. 87.72% of the stock is currently owned by institutional investors.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.