Kennedy-Wilson (NYSE:KW) Releases Earnings Results, Beats Expectations By $0.58 EPS

Kennedy-Wilson (NYSE:KW) released its quarterly earnings results on Wednesday. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.58, Zacks reports. Kennedy-Wilson had a return on equity of 19.00% and a net margin of 1.59%.

Kennedy-Wilson Stock Performance

Shares of KW stock traded down $0.03 on Wednesday, hitting $10.85. 1,705,176 shares of the stock traded hands, compared to its average volume of 1,329,572. The company’s fifty day moving average is $9.96 and its 200 day moving average is $9.14. Kennedy-Wilson has a 1-year low of $5.98 and a 1-year high of $10.95. The company has a market capitalization of $1.50 billion, a PE ratio of -41.73 and a beta of 1.02. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.24 and a quick ratio of 1.24.

Institutional Trading of Kennedy-Wilson

Institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group lifted its position in shares of Kennedy-Wilson by 6.9% in the 4th quarter. Brooklyn Investment Group now owns 16,382 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,057 shares during the last quarter. Sei Investments Co. raised its stake in Kennedy-Wilson by 6.4% during the third quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,863 shares during the period. Barclays PLC lifted its holdings in Kennedy-Wilson by 0.9% in the fourth quarter. Barclays PLC now owns 201,427 shares of the financial services provider’s stock worth $1,948,000 after acquiring an additional 1,867 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Kennedy-Wilson by 27.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,668 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Kennedy-Wilson by 10.8% in the third quarter. Van ECK Associates Corp now owns 29,441 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 2,874 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KW shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kennedy-Wilson in a research note on Monday, December 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $11.00 price target on shares of Kennedy-Wilson in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell” and an average price target of $11.00.

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.