Evercore ISI assumed coverage on shares of Kennedy-Wilson (NYSE:KW) in a report issued on Thursday, The Fly reports. The brokerage set an “outperform” rating on the financial services provider’s stock.
Separately, JPMorgan Chase & Co. initiated coverage on Kennedy-Wilson in a research report on Wednesday, December 19th. They issued an “overweight” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Kennedy-Wilson has a consensus rating of “Buy” and an average target price of $26.75.
Shares of NYSE:KW opened at $21.52 on Thursday. Kennedy-Wilson has a fifty-two week low of $17.25 and a fifty-two week high of $22.27. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 12.49 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.78.
Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.55 earnings per share for the quarter. Kennedy-Wilson had a return on equity of 17.08% and a net margin of 19.39%. The firm had revenue of $178.70 million for the quarter, compared to analysts’ expectations of $197.77 million.
In other news, President Mary Ricks sold 45,336 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $19.52, for a total transaction of $884,958.72. Following the sale, the president now owns 1,846,222 shares in the company, valued at $36,038,253.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trevor Bowen bought 13,500 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $20.93 per share, for a total transaction of $282,555.00. Following the acquisition, the director now directly owns 38,909 shares of the company’s stock, valued at approximately $814,365.37. The disclosure for this purchase can be found here. Insiders sold 205,435 shares of company stock worth $4,067,069 over the last quarter. Company insiders own 14.58% of the company’s stock.
Several hedge funds have recently made changes to their positions in KW. Vanguard Group Inc lifted its stake in shares of Kennedy-Wilson by 5.3% during the third quarter. Vanguard Group Inc now owns 18,881,430 shares of the financial services provider’s stock valued at $405,950,000 after acquiring an additional 952,788 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kennedy-Wilson by 5.3% during the third quarter. Vanguard Group Inc. now owns 18,881,430 shares of the financial services provider’s stock valued at $405,950,000 after acquiring an additional 952,788 shares during the period. BlackRock Inc. lifted its stake in shares of Kennedy-Wilson by 1.0% during the fourth quarter. BlackRock Inc. now owns 11,258,526 shares of the financial services provider’s stock valued at $204,567,000 after acquiring an additional 108,000 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Kennedy-Wilson by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 8,124,970 shares of the financial services provider’s stock valued at $147,630,000 after acquiring an additional 328,955 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Kennedy-Wilson by 94.8% during the fourth quarter. Royce & Associates LP now owns 3,809,033 shares of the financial services provider’s stock valued at $69,210,000 after acquiring an additional 1,853,638 shares during the period. Institutional investors own 84.86% of the company’s stock.
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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