Kennedy-Wilson (NYSE:KW) has been assigned a $33.00 price objective by BTIG Research in a research note issued on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price target would indicate a potential upside of 70.98% from the company’s previous close.
KW has been the subject of several other reports. TheStreet cut shares of Kennedy-Wilson from a “b-” rating to a “c” rating in a research note on Thursday, November 1st. ValuEngine raised shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Deutsche Bank decreased their target price on shares of Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.33.
Shares of KW opened at $19.30 on Thursday. The company has a market cap of $2.78 billion, a PE ratio of 42.89 and a beta of 1.39. Kennedy-Wilson has a twelve month low of $15.95 and a twelve month high of $22.27. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.98 and a quick ratio of 0.98.
Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, October 31st. The financial services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.17. Kennedy-Wilson had a net margin of 28.15% and a return on equity of 14.99%. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $199.49 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was down 31.8% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the business. Great Lakes Advisors LLC acquired a new stake in Kennedy-Wilson during the 3rd quarter valued at $331,000. Vanguard Group Inc. lifted its holdings in Kennedy-Wilson by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,881,430 shares of the financial services provider’s stock valued at $405,950,000 after purchasing an additional 952,788 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Kennedy-Wilson by 21.8% during the third quarter. Legal & General Group Plc now owns 519,882 shares of the financial services provider’s stock worth $11,186,000 after buying an additional 93,196 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kennedy-Wilson by 22.9% during the third quarter. Nordea Investment Management AB now owns 214,431 shares of the financial services provider’s stock worth $4,609,000 after buying an additional 40,006 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Kennedy-Wilson by 5.3% during the third quarter. Neuberger Berman Group LLC now owns 114,897 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 5,817 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.
Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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