Kennedy-Wilson (NYSE:KW) Downgraded by StockNews.com to “Sell”

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

Separately, JPMorgan Chase & Co. raised their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a neutral rating in a research note on Thursday, August 8th.

Kennedy-Wilson Trading Up 0.3 %

Shares of NYSE KW opened at $11.12 on Monday. The company’s fifty day moving average is $10.31 and its 200-day moving average is $9.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -5.64, a P/E/G ratio of 0.68 and a beta of 1.10. Kennedy-Wilson has a twelve month low of $7.85 and a twelve month high of $16.63.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. The firm had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The company’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Equities research analysts predict that Kennedy-Wilson will post 2.88 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, September 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -24.37%.

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently bought and sold shares of the company. Elkhorn Partners Limited Partnership raised its stake in Kennedy-Wilson by 2.9% during the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock worth $37,226,000 after acquiring an additional 121,223 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kennedy-Wilson by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock worth $19,902,000 after acquiring an additional 70,978 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock valued at $13,004,000 after purchasing an additional 104,577 shares in the last quarter. Central Securities Corp increased its holdings in Kennedy-Wilson by 5.0% in the fourth quarter. Central Securities Corp now owns 1,050,000 shares of the financial services provider’s stock worth $12,999,000 after purchasing an additional 50,000 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after purchasing an additional 205,890 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Company Profile

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.