Somewhat Positive News Coverage Somewhat Unlikely to Affect Kennedy-Wilson (KW) Share Price

News stories about Kennedy-Wilson (NYSE:KW) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kennedy-Wilson earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.8719792478049 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Kennedy-Wilson (NYSE KW) opened at $17.95 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. Kennedy-Wilson has a one year low of $17.15 and a one year high of $22.65. The company has a market cap of $2,680.56, a PE ratio of 138.09 and a beta of 1.38.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The business had revenue of $277.20 million for the quarter, compared to the consensus estimate of $177.89 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Kennedy-Wilson’s revenue was up 59.0% compared to the same quarter last year. research analysts anticipate that Kennedy-Wilson will post 0.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 4.23%. Kennedy-Wilson’s dividend payout ratio is 584.66%.

Several brokerages have recently weighed in on KW. BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Deutsche Bank reissued a “hold” rating and issued a $23.00 price objective on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two 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 stock has a consensus rating of “Hold” and a consensus target price of $28.33.

In other news, Director Stanley R. Zax acquired 50,000 shares of Kennedy-Wilson stock in a transaction on Thursday, November 30th. The shares were purchased 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 of the company’s stock, valued at approximately $5,759,754. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 17.07% of the company’s stock.

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About Kennedy-Wilson

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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