Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,320,000 shares, a drop of 13.2% from the July 15th total of 6,130,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 817,900 shares, the days-to-cover ratio is currently 6.5 days.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on KW shares. 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. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.
View Our Latest Stock Analysis on Kennedy-Wilson
Institutional Inflows and Outflows
Kennedy-Wilson Stock Down 0.3 %
NYSE KW traded down $0.03 during mid-day trading on Friday, reaching $10.40. 534,603 shares of the company’s stock traded hands, compared to its average volume of 1,085,786. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $16.63. The company has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.49. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -5.28 and a beta of 1.10.
Kennedy-Wilson (NYSE:KW – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The firm had revenue of $132.00 million during 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%. Kennedy-Wilson’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Kennedy-Wilson will post -0.03 EPS for the current year.
Kennedy-Wilson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.62%. Kennedy-Wilson’s payout ratio is -24.37%.
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.
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