Kennedy-Wilson (KW) Projected to Post Quarterly Earnings on Wednesday

Kennedy-Wilson (NYSE:KW) is expected to issue its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of ($0.1429) per share and revenue of $232.9560 million for the quarter.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $10.90 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -41.92 and a beta of 1.02. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.99. Kennedy-Wilson has a 12 month low of $5.98 and a 12 month high of $10.95. The stock’s 50 day moving average is $9.92 and its 200-day moving average is $9.08.

Wall Street Analyst Weigh In

KW has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Monday, December 29th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $11.00 price target on shares of Kennedy-Wilson in a research note on Thursday, December 18th. Finally, Wall Street Zen cut shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kennedy-Wilson presently has an average rating of “Sell” and an average price target of $10.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Kennedy-Wilson by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock worth $45,686,000 after purchasing an additional 131,145 shares during the period. Geode Capital Management LLC raised its position in shares of Kennedy-Wilson by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock valued at $30,224,000 after buying an additional 33,798 shares in the last quarter. UBS Group AG lifted its holdings in shares of Kennedy-Wilson by 133.8% during the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock worth $11,570,000 after acquiring an additional 795,844 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Kennedy-Wilson by 7.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,265,695 shares of the financial services provider’s stock worth $12,239,000 after acquiring an additional 87,079 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Kennedy-Wilson by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 1,058,695 shares of the financial services provider’s stock valued at $7,199,000 after acquiring an additional 64,889 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.