StockNews.com Upgrades Kennedy-Wilson (NYSE:KW) to Hold

Kennedy-Wilson (NYSE:KW) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, JPMorgan Chase & Co. raised their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $11.31 on Friday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.74 and a beta of 1.12. Kennedy-Wilson has a 12 month low of $7.85 and a 12 month high of $13.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock’s 50 day moving average is $11.07 and its 200-day moving average is $10.62.

Institutional Investors Weigh In On Kennedy-Wilson

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