Kennedy-Wilson Holdings Inc (NYSE:KW) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.33.
KW has been the subject of several research reports. ValuEngine cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Deutsche Bank restated a “hold” rating and set a $23.00 price objective on shares of Kennedy-Wilson in a research note on Monday, October 30th. Finally, BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson in a research note on Tuesday, October 17th.
In related news, Director Stanley R. Zax purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now owns 300,300 shares in the company, valued at $5,759,754. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.07% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Kennedy-Wilson in the third quarter valued at about $129,000. Amalgamated Bank grew its holdings in shares of Kennedy-Wilson by 3.7% in the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 377 shares during the period. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Kennedy-Wilson in the fourth quarter valued at about $187,000. Principal Financial Group Inc. grew its holdings in shares of Kennedy-Wilson by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 272 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kennedy-Wilson by 160.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,952 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 6,740 shares during the period. 67.68% of the stock is owned by institutional investors and hedge funds.
Kennedy-Wilson (NYSE:KW) traded up $0.17 during trading hours on Wednesday, reaching $16.52. 973,173 shares of the company’s stock traded hands, compared to its average volume of 1,293,127. The stock has a market cap of $2,513.97, a P/E ratio of 126.93 and a beta of 1.32. Kennedy-Wilson has a 12 month low of $15.95 and a 12 month high of $22.65. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.
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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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