TheStreet Downgrades Kennedy-Wilson (NYSE:KW) to C+

Kennedy-Wilson (NYSE:KWGet Rating) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

KW has been the subject of several other reports. StockNews.com began coverage on shares of Kennedy-Wilson in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of Kennedy-Wilson from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, March 15th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $25.00.

Shares of NYSE:KW opened at $20.24 on Tuesday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 8.06 and a beta of 1.10. Kennedy-Wilson has a one year low of $18.75 and a one year high of $25.30. The company has a 50-day simple moving average of $23.20 and a 200-day simple moving average of $23.03. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.08 and a current ratio of 1.08.

Kennedy-Wilson (NYSE:KWGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.17). The firm had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $184.80 million. Kennedy-Wilson had a return on equity of 36.77% and a net margin of 78.16%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts forecast that Kennedy-Wilson will post 1.72 EPS for the current fiscal year.

In related news, Director Richard Aidan Hugh Boucher bought 24,000 shares of the company’s stock in a transaction on Thursday, March 17th. The stock was bought at an average cost of $23.45 per share, with a total value of $562,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in shares of Kennedy-Wilson in the first quarter valued at approximately $1,566,000. Bank of New York Mellon Corp grew its position in shares of Kennedy-Wilson by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 969,715 shares of the financial services provider’s stock valued at $23,652,000 after purchasing an additional 6,323 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Kennedy-Wilson in the first quarter valued at approximately $879,000. Raymond James & Associates grew its position in shares of Kennedy-Wilson by 15.4% in the first quarter. Raymond James & Associates now owns 51,956 shares of the financial services provider’s stock valued at $1,267,000 after purchasing an additional 6,949 shares during the last quarter. Finally, LDR Capital Management LLC acquired a new stake in shares of Kennedy-Wilson in the first quarter valued at approximately $5,952,000. 88.32% of the stock is owned by institutional investors.

Kennedy-Wilson Company Profile (Get Rating)

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.

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