Kennedy-Wilson (NYSE:KW) Price Target Raised to $13.00

Kennedy-Wilson (NYSE:KW) had its price target boosted by JPMorgan Chase & Co. from $12.00 to $13.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Separately, StockNews.com raised shares of Kennedy-Wilson from a sell rating to a hold rating in a report on Tuesday, July 2nd.

Kennedy-Wilson Stock Up 2.7 %

Shares of KW traded up $0.28 during trading hours on Thursday, hitting $10.70. The company had a trading volume of 895,808 shares, compared to its average volume of 632,137. Kennedy-Wilson has a one year low of $7.85 and a one year high of $16.65. The company’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $9.52. The company has a market capitalization of $1.47 billion, a PE ratio of -5.43 and a beta of 1.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.34.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. The company had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $100.66 million. During the same period last year, the business earned $0.28 EPS. Kennedy-Wilson’s revenue for the quarter was down 9.9% on a year-over-year basis. As a group, equities analysts forecast that Kennedy-Wilson will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.49%. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

Institutional Trading of Kennedy-Wilson

Several institutional investors and hedge funds have recently made changes to their positions in the company. Old West Investment Management LLC grew its position in Kennedy-Wilson by 7.9% during the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock worth $6,732,000 after purchasing an additional 50,474 shares during the last quarter. Quilter Plc lifted its stake in shares of Kennedy-Wilson by 16.4% in the 2nd quarter. Quilter Plc now owns 467,957 shares of the financial services provider’s stock worth $4,549,000 after acquiring an additional 65,786 shares during the period. Choreo LLC acquired a new position in shares of Kennedy-Wilson during the second quarter worth about $133,000. Signaturefd LLC raised its holdings in Kennedy-Wilson by 138.9% during the second quarter. Signaturefd LLC now owns 21,856 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 12,708 shares in the last quarter. Finally, Hara Capital LLC lifted its position in Kennedy-Wilson by 10.6% in the second quarter. Hara Capital LLC now owns 129,167 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 12,422 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.