According to Zacks, “Kennedy Wilson is a vertically-integrated real estate investment and services company. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the United States and Japan. The company thrives on opportunity – identifying, creating, seizing and maximizing real estate opportunities. The company is headquartered in Beverly Hills, CA. “
Several other research firms have also commented on KW. B. Riley restated a buy rating and issued a $30.00 price target on shares of Kennedy-Wilson Holdings in a report on Saturday, November 12th. Goodbody restated a buy rating on shares of Kennedy-Wilson Holdings in a report on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Kennedy-Wilson Holdings has an average rating of Buy and an average target price of $29.50.
Kennedy-Wilson Holdings (NYSE:KW) remained flat at $20.35 during mid-day trading on Tuesday. 296,380 shares of the company’s stock were exchanged. Kennedy-Wilson Holdings has a one year low of $15.74 and a one year high of $23.77. The company has a market capitalization of $2.31 billion, a PE ratio of 151.87 and a beta of 1.41. The company’s 50-day moving average is $21.08 and its 200-day moving average is $21.18.
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The business also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Friday, December 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, December 28th. Kennedy-Wilson Holdings’s payout ratio is currently 400.00%.
A number of institutional investors have recently added to or reduced their stakes in KW. Piedmont Investment Advisors LLC acquired a new position in Kennedy-Wilson Holdings during the third quarter worth approximately $591,000. Price T Rowe Associates Inc. MD increased its position in Kennedy-Wilson Holdings by 5.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 628,783 shares of the company’s stock worth $14,179,000 after buying an additional 32,400 shares in the last quarter. LPL Financial LLC increased its position in Kennedy-Wilson Holdings by 19.7% in the third quarter. LPL Financial LLC now owns 29,808 shares of the company’s stock worth $670,000 after buying an additional 4,900 shares in the last quarter. Mackenzie Financial Corp increased its position in Kennedy-Wilson Holdings by 399.0% in the third quarter. Mackenzie Financial Corp now owns 328,360 shares of the company’s stock worth $7,405,000 after buying an additional 262,560 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Kennedy-Wilson Holdings during the third quarter worth approximately $13,666,000. 77.23% of the stock is owned by hedge funds and other institutional investors.
Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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