Kennedy-Wilson (NYSE:KW) Hits New 52-Week High at $23.05

Kennedy-Wilson Holdings Inc (NYSE:KW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.05 and last traded at $23.01, with a volume of 2568 shares. The stock had previously closed at $22.71.

A number of analysts recently issued reports on KW shares. BTIG Research reissued a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research note on Thursday, August 8th. ValuEngine cut Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Kennedy-Wilson currently has a consensus rating of “Buy” and an average price target of $26.51.

The business has a 50 day moving average of $21.90 and a 200-day moving average of $21.35. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.02. The firm has a market capitalization of $3.24 billion, a P/E ratio of 17.47 and a beta of 1.11.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Kennedy-Wilson had a return on equity of 13.49% and a net margin of 13.61%. The business had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $160.05 million. During the same period in the prior year, the business earned $0.77 EPS. Kennedy-Wilson’s revenue for the quarter was down 34.0% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, September 27th.

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its position in Kennedy-Wilson by 17.3% during the 3rd quarter. Strs Ohio now owns 8,800 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,300 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in Kennedy-Wilson during the 3rd quarter worth approximately $235,000. Envestnet Asset Management Inc. boosted its position in Kennedy-Wilson by 9.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 127,946 shares of the financial services provider’s stock worth $2,805,000 after acquiring an additional 11,085 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Kennedy-Wilson by 406.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 19,663 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 15,783 shares during the last quarter. Finally, Bowling Portfolio Management LLC boosted its position in Kennedy-Wilson by 2.4% during the 3rd quarter. Bowling Portfolio Management LLC now owns 59,370 shares of the financial services provider’s stock worth $1,301,000 after acquiring an additional 1,391 shares during the last quarter. 81.55% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile (NYSE:KW)

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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