Kennedy-Wilson Holdings Inc. (KW) Receives Average Recommendation of “Buy” from Brokerages
Kennedy-Wilson Holdings Inc. (NYSE:KW) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm. Seven analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.67.
Several equities research analysts have weighed in on KW shares. B. Riley reiterated a “buy” rating and issued a $31.75 price objective on shares of Kennedy-Wilson Holdings in a report on Sunday, August 14th. Goodbody restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th. Zacks Investment Research upgraded Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, October 20th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th.
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Kennedy-Wilson Holdings (NYSE:KW) traded down 2.73% during midday trading on Wednesday, hitting $21.40. The stock had a trading volume of 324,165 shares. The company has a market cap of $2.43 billion, a P/E ratio of 159.70 and a beta of 1.45. Kennedy-Wilson Holdings has a 12 month low of $15.74 and a 12 month high of $26.31. The firm’s 50-day moving average price is $21.46 and its 200 day moving average price is $21.04.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new position in Kennedy-Wilson Holdings during the third quarter worth $591,000. Price T Rowe Associates Inc. MD raised its stake in Kennedy-Wilson Holdings by 5.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 628,783 shares of the company’s stock worth $14,179,000 after buying an additional 32,400 shares during the last quarter. LPL Financial LLC raised its stake in Kennedy-Wilson Holdings by 19.7% in the third quarter. LPL Financial LLC now owns 29,808 shares of the company’s stock worth $670,000 after buying an additional 4,900 shares during the last quarter. Mackenzie Financial Corp raised its stake in Kennedy-Wilson Holdings by 399.0% in the third quarter. Mackenzie Financial Corp now owns 328,360 shares of the company’s stock worth $7,405,000 after buying an additional 262,560 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kennedy-Wilson Holdings during the third quarter worth approximately $13,666,000. 79.53% of the stock is owned by institutional investors.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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