Kennedy-Wilson (NYSE:KW) Stock Rating Lowered by Wall Street Zen

Kennedy-Wilson (NYSE:KW) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. Weiss Ratings cut Kennedy-Wilson from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on Kennedy-Wilson from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kennedy-Wilson presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $9.65 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73. Kennedy-Wilson has a 52-week low of $5.98 and a 52-week high of $11.78. The firm has a market cap of $1.33 billion, a PE ratio of -14.40, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. The company’s 50 day moving average is $8.39 and its two-hundred day moving average is $7.62.

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Kennedy-Wilson by 35.2% in the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,388 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Kennedy-Wilson by 10.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,740 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,645 shares in the last quarter. Sei Investments Co. lifted its position in shares of Kennedy-Wilson by 6.4% during the 3rd quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after buying an additional 1,863 shares during the last quarter. AlphaQuest LLC grew its position in shares of Kennedy-Wilson by 4.9% in the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock valued at $362,000 after buying an additional 2,047 shares during the last quarter. Finally, CWM LLC grew its position in shares of Kennedy-Wilson by 98.9% in the 3rd quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,327 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.