Kennedy-Wilson (NYSE:KW) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Kennedy-Wilson (NYSE:KW) from a hold rating to a sell rating in a research note released on Saturday morning, Zacks.com reports.

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. “

Separately, ValuEngine raised shares of Kennedy-Wilson from a hold rating to a buy rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $26.00.

NYSE:KW opened at $14.97 on Friday. The company has a 50-day moving average of $14.92 and a 200-day moving average of $17.81. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 9.60 and a beta of 1.23. Kennedy-Wilson has a 52 week low of $10.98 and a 52 week high of $23.50. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.44 and a current ratio of 1.44.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $123.30 million for the quarter. Kennedy-Wilson had a return on equity of 32.28% and a net margin of 40.99%. Sell-side analysts forecast that Kennedy-Wilson will post 1.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Monday, June 29th. Kennedy-Wilson’s dividend payout ratio is currently 28.21%.

A number of hedge funds and other institutional investors have recently modified their holdings of KW. First Trust Advisors LP acquired a new position in Kennedy-Wilson during the fourth quarter valued at approximately $650,000. Sei Investments Co. lifted its stake in Kennedy-Wilson by 7.7% in the fourth quarter. Sei Investments Co. now owns 11,243 shares of the financial services provider’s stock valued at $250,000 after buying an additional 802 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kennedy-Wilson by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 960,195 shares of the financial services provider’s stock valued at $21,413,000 after buying an additional 24,924 shares in the last quarter. Comerica Bank bought a new position in Kennedy-Wilson in the fourth quarter valued at approximately $200,000. Finally, Quantbot Technologies LP lifted its stake in Kennedy-Wilson by 193.3% in the fourth quarter. Quantbot Technologies LP now owns 3,757 shares of the financial services provider’s stock valued at $83,000 after buying an additional 2,476 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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