Kennedy-Wilson (NYSE:KW) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, February 7th.
KW has been the topic of several other reports. Deutsche Bank reaffirmed a “hold” rating and issued a $23.00 target price on shares of Kennedy-Wilson in a report on Monday, October 30th. BTIG Research restated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.33.
Kennedy-Wilson (NYSE KW) traded up $0.17 during trading on Wednesday, reaching $16.77. 83,241 shares of the company’s stock were exchanged, compared to its average volume of 1,277,017. Kennedy-Wilson has a 12 month low of $15.95 and a 12 month high of $22.65. The firm has a market cap of $2,476.11, a price-to-earnings ratio of 38.93 and a beta of 1.32. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.
In other Kennedy-Wilson news, Director Stanley R. Zax acquired 50,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the purchase, the director now directly owns 300,300 shares in the company, valued at $5,759,754. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.07% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Kennedy-Wilson in the third quarter valued at $129,000. Ellington Management Group LLC acquired a new stake in shares of Kennedy-Wilson during the fourth quarter worth $180,000. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Kennedy-Wilson during the fourth quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kennedy-Wilson by 160.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,952 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 6,740 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Kennedy-Wilson by 3.9% during the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 380 shares during the period. 67.68% of the stock is currently owned by hedge funds and other institutional investors.
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Kennedy-Wilson Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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