Kennedy-Wilson (NYSE:KW) Upgraded at StockNews.com

StockNews.com upgraded shares of Kennedy-Wilson (NYSE:KW) from a sell rating to a hold rating in a research report released on Friday morning.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of 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 Price Performance

Kennedy-Wilson stock opened at $11.31 on Friday. The firm has a fifty day moving average of $11.07 and a 200-day moving average of $10.62. The firm has a market capitalization of $1.55 billion, a P/E ratio of -4.38, a PEG ratio of 0.74 and a beta of 1.12. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $13.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio is currently -18.60%.

Institutional Trading of Kennedy-Wilson

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Kennedy-Wilson by 19.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 13,214 shares during the period. GAMMA Investing LLC increased its holdings in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after buying an additional 2,029 shares during the period. CWM LLC increased its holdings in Kennedy-Wilson by 305.1% in the 2nd quarter. CWM LLC now owns 10,509 shares of the financial services provider’s stock valued at $102,000 after buying an additional 7,915 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Kennedy-Wilson by 5.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 51,382 shares of the financial services provider’s stock valued at $499,000 after buying an additional 2,451 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Kennedy-Wilson in the 2nd quarter valued at $207,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson 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.