Kennedy-Wilson Holdings Inc (KW) Given Average Rating of “Hold” by Brokerages

Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.33.

Several brokerages recently weighed in on KW. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research note on Monday, October 30th. Finally, ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Shares of Kennedy-Wilson (NYSE KW) traded up $0.17 during trading hours on Wednesday, reaching $16.52. 973,173 shares of the company traded hands, compared to its average volume of 1,293,127. The firm has a market capitalization of $2,513.97, a PE ratio of 126.93 and a beta of 1.32. Kennedy-Wilson has a 52-week low of $15.95 and a 52-week high of $22.65. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 2.35.

In related news, Director Stanley R. Zax purchased 50,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were 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 of the company’s stock, valued at approximately $5,759,754. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.07% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Kennedy-Wilson during the third quarter worth approximately $129,000. Amalgamated Bank grew its position in shares of Kennedy-Wilson by 3.7% during the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 377 shares during the last quarter. Wayne Hummer Investments L.L.C. purchased a new position in shares of Kennedy-Wilson during the fourth quarter worth approximately $187,000. Principal Financial Group Inc. grew its position in shares of Kennedy-Wilson by 2.5% during the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 272 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 acquiring an additional 6,740 shares during the last quarter. Institutional investors own 67.68% of the company’s stock.

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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.

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