Kennedy-Wilson (NYSE:KW) Downgraded to Sell at StockNews.com

Kennedy-Wilson (NYSE:KW) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Separately, JPMorgan Chase & Co. boosted their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW opened at $11.17 on Monday. The business’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $9.55. Kennedy-Wilson has a fifty-two week low of $7.85 and a fifty-two week high of $16.63. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -5.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, analysts predict that Kennedy-Wilson will post 2.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Kennedy-Wilson

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Kennedy-Wilson in the fourth quarter valued at about $8,078,000. BNP Paribas Financial Markets lifted its stake in Kennedy-Wilson by 1,238.7% in the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after buying an additional 652,116 shares during the period. Easterly Investment Partners LLC acquired a new position in Kennedy-Wilson in the first quarter valued at about $5,007,000. ProShare Advisors LLC lifted its stake in Kennedy-Wilson by 31.1% in the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after buying an additional 205,890 shares during the period. Finally, Marshall Wace LLP acquired a new position in Kennedy-Wilson in the second quarter valued at about $1,721,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Kennedy-Wilson

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.