The stock of Kennedy-Wilson Holdings Inc. (NYSE:KW) last traded at $16.32, down -1.45% from the previous session.
Data from the available sources indicates that Kennedy-Wilson Holdings Inc. (NYSE:KW) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $17.00, we find $20.00. Given the previous closing price of $16.56, this indicates a potential upside of 20.77 percent. KW stock price is now 0.25% away from the 50-day moving average and -12.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.28B.
In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $19.33 as their price target over the next twelve months.
With the price target maintained at $21, JP Morgan recently Downgraded its rating from Overweight to Neutral for Kennedy-Wilson Holdings Inc. (NYSE: KW). On September 08, 2020, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $22, while ‘BofA/Merrill’ rates the stock as ‘Neutral’.
In other news, Boucher Richard Aidan Hugh, Director sold 23,666 shares of the company’s stock on Nov 04. The stock was sold for $380,786 at an average price of $16.09. Upon completion of the transaction, the Director now directly owns 23,934 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Director ZAX STANLEY R bought 35,000 shares of the business’s stock. A total of $635,250 was incurred on buying the stock at an average price of $18.15. This leaves the insider owning 458,800 shares of the company worth $7.49 million. Insiders disposed of 392,087 shares of company stock worth roughly $6.4 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KW stock. A new stake in Kennedy-Wilson Holdings Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $14,252,000. BALYASNY ASSET MANAGEMENT LLC invested $7,564,000 in shares of KW during the first quarter. In the first quarter, EVERGREEN CAPITAL MANAGEMENT LLC acquired a new stake in Kennedy-Wilson Holdings Inc. valued at approximately $6,365,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in KW for approximately $1,245,000. MAN GROUP PLC purchased a new stake in KW valued at around $1,231,000 in the second quarter. In total, there are 292 active investors with 83.90% ownership of the company’s stock.
With an opening price of $16.36 on Friday morning, Kennedy-Wilson Holdings Inc. (NYSE: KW) set off the trading day. During the past 12 months, Kennedy-Wilson Holdings Inc. has had a low of $13.97 and a high of $25.30. The fifty day moving average price for KW is $16.27 and a two-hundred day moving average price translates $18.68 for the stock.
The latest earnings results from Kennedy-Wilson Holdings Inc. (NYSE: KW) was released for Jun, 2022. According to the Real Estate Services Company, earnings per share came in at -$0.07, missing analysts’ expectations of $0 by -0.07. This compares to $0.52 EPS in the same period last year. The net profit margin was 15.00% and return on equity was 5.70% for KW. The company reported revenue of $139.6 million for the quarter, compared to $114.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.03 percent. For the current quarter, analysts expect KW to generate $131.61M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/05/2023. Investors who held shares on 12/30/2022 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 5.88% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, KW is presently at 161.60%.
Kennedy-Wilson Holdings Inc.(KW) 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. As of December 31, 2021, the company had ownership interests in 10,460 multifamily units, 4.9 million square feet of office space, 3.4 million square feet of retail and industrial space, and one hotel. It is also involved in the development, redevelopment, and entitlement of real estate properties. The company was founded in 1977 and is headquartered in Beverly Hills, California.