Kennedy-Wilson Holdings Inc. (NYSE:KW)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Monday, October 30th, Marketbeat Ratings reports. They currently have a $23.00 target price on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 21.05% from the stock’s current price.
A number of other research firms also recently issued reports on KW. BidaskClub downgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. BTIG Research reiterated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.33.
Kennedy-Wilson Holdings (KW) opened at $19.00 on Monday. The company has a current ratio of 2.74, a quick ratio of 3.20 and a debt-to-equity ratio of 2.35. The company has a market cap of $2,877.44, a PE ratio of 45.24 and a beta of 1.40. Kennedy-Wilson Holdings has a 1-year low of $17.95 and a 1-year high of $23.00.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.15. Kennedy-Wilson Holdings had a net margin of 1.94% and a return on equity of 2.04%. The firm had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $177.89 million. During the same period in the prior year, the company earned ($0.03) EPS. The business’s revenue was up 59.0% compared to the same quarter last year.
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Institutional investors have recently modified their holdings of the stock. CI Global Investments Inc. raised its holdings in shares of Kennedy-Wilson Holdings by 11.9% during the second quarter. CI Global Investments Inc. now owns 1,368,953 shares of the financial services provider’s stock worth $26,079,000 after purchasing an additional 146,069 shares during the last quarter. BlackRock Inc. increased its holdings in Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock valued at $138,997,000 after buying an additional 6,245,200 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Kennedy-Wilson Holdings by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock valued at $862,000 after buying an additional 4,000 shares in the last quarter. Ranger Global Real Estate Advisors LLC purchased a new position in Kennedy-Wilson Holdings in the second quarter valued at $13,916,000. Finally, JPMorgan Chase & Co. increased its holdings in Kennedy-Wilson Holdings by 80.6% in the first quarter. JPMorgan Chase & Co. now owns 183,629 shares of the financial services provider’s stock valued at $4,077,000 after buying an additional 81,977 shares in the last quarter. 85.05% of the stock is owned by hedge funds and other institutional investors.
Kennedy-Wilson Holdings 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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