Kennedy-Wilson (KW)
Market Price (3/20/2026): $10.85 | Market Cap: $1.5 BilSector: Real Estate | Industry: Real Estate Services
Kennedy-Wilson (KW)
Market Price (3/20/2026): $10.85Market Cap: $1.5 BilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 4.5% | Trading close to highsDist 52W High is -0.9% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 289% |
| Low stock price volatilityVol 12M is 47% | Weak multi-year price returns3Y Excs Rtn is -94% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 131x, P/EPrice/Earnings or Price/(Net Income) is 318x |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Green Building Certification, Energy Efficient Building Materials, Show more. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -11% | |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11% | ||
| Key risksKW key risks include [1] significant financial leverage with weak interest coverage, Show more. |
| Attractive yieldDividend Yield is 4.5% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Green Building Certification, Energy Efficient Building Materials, Show more. |
| Trading close to highsDist 52W High is -0.9% |
| Weak multi-year price returns3Y Excs Rtn is -94% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 289% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 131x, P/EPrice/Earnings or Price/(Net Income) is 318x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -11% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11% |
| Key risksKW key risks include [1] significant financial leverage with weak interest coverage, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Kennedy-Wilson (KW) stock has gained about 15% since 11/30/2025 because of the following key factors:
1. Kennedy-Wilson entered into a definitive merger agreement to be acquired by a consortium for $10.90 per share in cash. This significant event, announced on February 16, 2026, represented a 46% premium to the stock's price as of November 4, 2025, and caused shares to jump approximately 11% in premarket trading. The transaction is expected to close in the second quarter of 2026.
2. The company reported a substantial beat in non-GAAP earnings per share for Q4 2025. Kennedy Wilson posted a non-GAAP EPS of $0.49, significantly exceeding the consensus analyst estimate of a loss of $0.14 per share for the fourth quarter.
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1. Kennedy-Wilson entered into a definitive merger agreement to be acquired by a consortium for $10.90 per share in cash. This significant event, announced on February 16, 2026, represented a 46% premium to the stock's price as of November 4, 2025, and caused shares to jump approximately 11% in premarket trading. The transaction is expected to close in the second quarter of 2026.
2. The company reported a substantial beat in non-GAAP earnings per share for Q4 2025. Kennedy Wilson posted a non-GAAP EPS of $0.49, significantly exceeding the consensus analyst estimate of a loss of $0.14 per share for the fourth quarter.
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Stock Movement Drivers
Fundamental Drivers
The 12.9% change in KW stock from 11/30/2025 to 3/19/2026 was primarily driven by a 97.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3192026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.61 | 10.85 | 12.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 516 | 501 | -2.9% |
| Net Income Margin (%) | 1.6% | 0.9% | -41.0% |
| P/E Multiple | 161.6 | 318.3 | 97.0% |
| Shares Outstanding (Mil) | 138 | 138 | 0.0% |
| Cumulative Contribution | 12.9% |
Market Drivers
11/30/2025 to 3/19/2026| Return | Correlation | |
|---|---|---|
| KW | 12.9% | |
| Market (SPY) | -3.5% | 8.2% |
| Sector (XLRE) | 0.6% | 36.9% |
Fundamental Drivers
The 26.6% change in KW stock from 8/31/2025 to 3/19/2026 was primarily driven by a 33.0% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3192026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.57 | 10.85 | 26.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 527 | 501 | -4.9% |
| P/S Multiple | 2.2 | 3.0 | 33.0% |
| Shares Outstanding (Mil) | 138 | 138 | 0.2% |
| Cumulative Contribution | 26.6% |
Market Drivers
8/31/2025 to 3/19/2026| Return | Correlation | |
|---|---|---|
| KW | 26.6% | |
| Market (SPY) | 2.6% | 8.8% |
| Sector (XLRE) | -0.2% | 24.2% |
Fundamental Drivers
The 18.4% change in KW stock from 2/28/2025 to 3/19/2026 was primarily driven by a 26.1% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3192026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.16 | 10.85 | 18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 531 | 501 | -5.7% |
| P/S Multiple | 2.4 | 3.0 | 26.1% |
| Shares Outstanding (Mil) | 137 | 138 | -0.3% |
| Cumulative Contribution | 18.4% |
Market Drivers
2/28/2025 to 3/19/2026| Return | Correlation | |
|---|---|---|
| KW | 18.4% | |
| Market (SPY) | 12.0% | 38.4% |
| Sector (XLRE) | -0.6% | 47.5% |
Fundamental Drivers
The -21.5% change in KW stock from 2/28/2023 to 3/19/2026 was primarily driven by a -94.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3192026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.83 | 10.85 | -21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 540 | 501 | -7.2% |
| Net Income Margin (%) | 17.4% | 0.9% | -94.6% |
| P/E Multiple | 20.1 | 318.3 | 1483.6% |
| Shares Outstanding (Mil) | 136 | 138 | -1.2% |
| Cumulative Contribution | -21.5% |
Market Drivers
2/28/2023 to 3/19/2026| Return | Correlation | |
|---|---|---|
| KW | -21.5% | |
| Market (SPY) | 72.7% | 37.8% |
| Sector (XLRE) | 20.4% | 51.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KW Return | 39% | -31% | -16% | -14% | 3% | 12% | -19% |
| Peers Return | 32% | -37% | 2% | 33% | -2% | -17% | -7% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 76% |
Monthly Win Rates [3] | |||||||
| KW Win Rate | 67% | 33% | 50% | 58% | 50% | 67% | |
| Peers Win Rate | 60% | 32% | 48% | 65% | 45% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| KW Max Drawdown | -5% | -37% | -27% | -35% | -38% | -1% | |
| Peers Max Drawdown | -6% | -43% | -29% | -11% | -21% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BXP, CUZ, HIW, PDM, CBRE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/19/2026 (YTD)
How Low Can It Go
| Event | KW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.6% | -25.4% |
| % Gain to Breakeven | 130.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.9% | -33.9% |
| % Gain to Breakeven | 99.6% | 51.3% |
| Time to Breakeven | 590 days | 148 days |
| 2018 Correction | ||
| % Loss | -28.2% | -19.8% |
| % Gain to Breakeven | 39.3% | 24.7% |
| Time to Breakeven | 449 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -81.6% | -56.8% |
| % Gain to Breakeven | 443.2% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to BXP, CUZ, HIW, PDM, CBRE
In The Past
Kennedy-Wilson's stock fell -56.6% during the 2022 Inflation Shock from a high on 3/29/2022. A -56.6% loss requires a 130.5% gain to breakeven.
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About Kennedy-Wilson (KW)
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. As of December 31, 2021, the company had ownership interests in 10,460 multifamily units, 4.9 million square feet of office space, 3.4 million square feet of retail and industrial space, and one hotel. It is also involved in the development, redevelopment, and entitlement of real estate properties. The company was founded in 1977 and is headquartered in Beverly Hills, California.
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Here are 1-2 brief analogies for Kennedy-Wilson:
A diversified global real estate owner and investment manager, similar to a focused, publicly traded version of Brookfield Asset Management's real estate arm.
Like Blackstone for diversified global real estate, but publicly traded and also a direct landlord of apartments, offices, and more.
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- Real Estate Ownership & Investment: The company invests in and owns a diverse portfolio of real estate properties, including multifamily units, office buildings, retail spaces, industrial assets, and hotels.
- Real Estate Management & Operations: Kennedy-Wilson actively manages and operates its extensive portfolio of owned real estate properties.
- Real Estate Investment Management: Through its investment management platform, the company manages real estate investments for third-party investors.
- Real Estate Development & Redevelopment: The company is involved in the development of new real estate properties and the redevelopment of existing ones, including the entitlement process.
AI Analysis | Feedback
Kennedy-Wilson (KW) operates as a diversified real estate investment company, meaning its customer base is broad and fragmented across its various property types. It primarily generates revenue as a landlord from a mix of both individual and corporate tenants. Given the diverse nature of its portfolio (multifamily, office, retail, industrial, and hotel properties) and the typical real estate business model, Kennedy-Wilson does not have a few publicly identifiable "major customer companies" in the traditional sense. Therefore, its customers are best described in categories:
- Residential Tenants: Individuals and families who lease apartments and other housing units within Kennedy-Wilson's extensive multifamily property portfolio.
- Commercial Tenants: Businesses and organizations that lease office, retail, and industrial spaces across Kennedy-Wilson's commercial real estate holdings. These tenants represent a wide range of industries and company sizes.
- Hotel Guests: Individuals, including both leisure and business travelers, who utilize the services and accommodations of the hotel property owned by Kennedy-Wilson.
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William J. McMorrow, Chairman and CEOWilliam J. McMorrow acquired Kennedy Wilson in 1988 and has since grown it into a leading global real estate investment platform. Under his leadership, the company expanded from one office and 11 employees to a multinational platform managing approximately $31 billion in assets across 15 markets as of 2024. He previously held senior positions in banking, including Executive Vice President and Chairman of the Credit Policy Committee at Imperial Bank in Los Angeles, and Senior Vice President at Fidelity Bank in Pennsylvania. McMorrow guided Kennedy Wilson to create three publicly listed entities: Kennedy-Wilson Holdings Inc. (NYSE), Kennedy Wilson Japan (Tokyo Stock Exchange), and Kennedy Wilson Europe Real Estate Plc (London Stock Exchange). He spearheaded the recapitalization of the Bank of Ireland in 2011, marking Kennedy Wilson's entry into the European market. In February 2026, a consortium led by Mr. McMorrow took Kennedy Wilson private in a deal valued at approximately US$1.5 billion.
Justin Enbody, Senior Executive Vice President, Chief Financial Officer
Justin Enbody serves as the Senior Executive Vice President and Chief Financial Officer of Kennedy Wilson, a role he assumed in April 2012 after joining the company in September 2009 as Controller. He is responsible for all financial and administrative aspects of the company, including strategic planning, financial reporting, and risk management, and is a member of the Investment Committee. Before joining Kennedy Wilson, Mr. Enbody was a senior consultant with RAFS Inc., an independent financial consulting company, and prior to that, he worked as a senior associate with KPMG LLP.
Matt Windisch, President
In Ku Lee, Executive Vice President and General Counsel
Regina Finnegan, Executive Vice President, Global Director of Risk Management & Human Resources
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Here are the key risks to Kennedy-Wilson Holdings, Inc.'s business:
- High Debt Levels and Exposure to Interest Rate Fluctuations: Kennedy-Wilson carries significant debt, which is repeatedly cited as a primary concern impacting its ability to generate income and cover interest payments. For instance, its interest coverage ratio has been noted as below 2.0x in the past. Rising interest rates lead to elevated borrowing costs, making it more expensive for the company to finance acquisitions and developments, and posing refinancing challenges for existing debt. This vulnerability can result in volatile earnings and cash flow, particularly during economic downturns.
- Real Estate Market Volatility and Economic Downturns: As a real estate investment company, Kennedy-Wilson is inherently exposed to fluctuations in the broader real estate market and economic cycles. Economic uncertainties, such as inflation and shifts in consumer behavior, can adversely affect property values and rental demand, thereby impacting the company's financial performance. A bearish real estate market can lead to a drop in transactions and a decline in asset values, posing significant challenges to operating profitability.
- Concentration in Multifamily Housing and Reliance on Asset Sales: A substantial portion of Kennedy-Wilson's net operating income (NOI) is derived from multifamily housing, making it highly susceptible to downturns in this specific segment. For example, 64% of its NOI comes from multifamily housing. Additionally, the company's strategy involves buying, improving, and selling assets. When this asset management activity declines sharply, profits can be significantly impacted, leading to volatile earnings. The reliance on ongoing asset sales to manage debt further heightens refinancing risk and can lead to more volatile earnings and cash flow during market downturns.
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The sustained shift towards remote and hybrid work models poses a clear emerging threat to Kennedy-Wilson. This trend significantly impacts the demand for and utilization of traditional office spaces, a substantial component of Kennedy-Wilson's portfolio (4.9 million square feet of office space). As companies re-evaluate their physical footprint and embrace more flexible work arrangements, the market for conventional office leases faces reduced occupancy rates, potential downward pressure on rents, and challenges to property valuations, akin to how new business models disrupted traditional industries in the past.
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Kennedy-Wilson (symbol: KW) operates as a real estate investment company with a focus on multifamily, office, retail, industrial properties, and hotels. The company invests in these sectors in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. Here are the estimated addressable market sizes for Kennedy-Wilson's main products and services in their key operating regions:United States (Western United States)
* **Multifamily:** The market size for multifamily properties in the Western United States is not explicitly available in the provided data. * **Office:** The market size for office properties in the Western United States is not explicitly available in the provided data. * **Retail:** The market size for retail properties in the Western United States is not explicitly available in the provided data. * **Industrial:** The market size for industrial properties in the Western United States is not explicitly available in the provided data. * **Hotels:** The market size for hotel properties in the Western United States is not explicitly available in the provided data.United Kingdom
* **Office Real Estate:** The United Kingdom office real estate market was valued at approximately USD 190.5 billion in 2024 and is projected to grow to USD 294.67 billion by 2035. * **Hospitality Real Estate (Hotels):** The United Kingdom hospitality real estate market was valued at USD 81.23 billion in 2025 and is estimated to grow from USD 84.57 billion in 2026 to reach USD 103.41 billion by 2031. * **Multifamily/Residential, Retail, Industrial:** Specific market sizes for multifamily/residential, retail, and industrial properties in the United Kingdom are not explicitly available in the provided data. However, residential property accounted for 79.5% of the UK real estate market in 2024.Ireland
* **Multifamily, Office, Retail, Industrial, Hotels:** Specific market sizes for these property types in Ireland are not available in the provided data.Spain
* **Overall Real Estate Market:** The Spanish real estate market generated a revenue of USD 44.7 billion in 2024 and is expected to reach USD 61.0 billion by 2030. * **Residential Real Estate:** The Spain residential real estate market size reached USD 190.5 billion in 2025 and is expected to reach USD 319.9 billion by 2034. * **Office Real Estate:** The Spain office real estate market is expected to grow from USD 39.01 billion in 2025 to USD 49.94 billion by 2031. * **Commercial Real Estate (broad):** Spain's commercial real estate market is valued at USD 62.64 billion in 2024. * **Hotel Real Estate:** Investment in hotel real estate in Spain amounted to €4.2 billion (approximately USD 4.5 billion) in 2025. Spain is the second-largest hotel investment market in Europe. * **Retail, Industrial:** Specific market sizes for retail and industrial properties in Spain are not explicitly available in the provided data.Italy
* **Overall Real Estate Market:** The Italian real estate market generated a revenue of USD 32.4 billion in 2024 and is expected to reach USD 44.1 billion by 2030. * **Office Real Estate:** The Italy office real estate market is expected to grow from USD 17.10 billion in 2025 to USD 22.98 billion by 2031. * **Luxury Residential Real Estate:** The Italy luxury residential real estate market size is valued at USD 29.02 billion in 2026 and is forecast to reach USD 38.88 billion by 2031. * **Multifamily/Residential (total), Retail, Industrial, Hotels:** Specific market sizes for total multifamily/residential, retail, industrial, and hotel properties in Italy are not explicitly available in the provided data. However, commercial real estate held a revenue share of 41.05% in 2024 within the overall Italian real estate market.Japan
* **Overall Real Estate Market:** The Japan real estate market size reached USD 448.3 billion in 2025 and is expected to reach USD 576.2 billion by 2034. * **Residential Real Estate:** The Japan residential real estate market is valued at approximately USD 1.2 trillion. (This figure may represent total asset value rather than annual market revenue.) Residential was the largest segment with a revenue share of 44.76% in 2024 within the overall Japanese real estate market. * **Office Real Estate:** The Japan office real estate market was valued at USD 76.76 billion in 2025 and is estimated to grow to USD 83.53 billion by 2031. * **Commercial Real Estate:** The Japan commercial real estate market is expected to grow from USD 26.5 billion in 2024 to USD 47.21 billion by 2035. This segment includes offices, retail spaces, hotels, and logistics facilities. * **Retail, Industrial, Hotels:** Specific market sizes for retail, industrial, and hotel properties as individual segments in Japan are not explicitly available in the provided data. These are typically part of the broader commercial real estate market.AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Kennedy-Wilson (KW) over the next 2-3 years:
- Growth of Investment Management Platform and Debt Investment Originations: Kennedy-Wilson is prioritizing the expansion of its investment management business, which is evidenced by consistent increases in fee-bearing capital and significant new loan originations. This includes a strong focus on construction loans for multifamily and student housing, which contributes directly to higher fee revenue. The company recorded substantial growth in investment management fees, with projections for continued expansion. For example, investment management fees grew by 60% in 2024 to approximately $100 million, and the company aims for 20-25% annual growth in fee revenue. Additionally, the debt investment platform completed $3.5 billion in new loan originations in 2024, with expectations to originate approximately $3 billion in new loans in 2024.
- Expansion and Stabilization of Multifamily Property Portfolio: A core strategic focus for Kennedy-Wilson is the U.S. multifamily sector, where it plans to allocate over 60% of its future equity investments by 2026. The company's development and lease-up portfolio, totaling approximately 38,000 units, is expected to add significant estimated annual Net Operating Income (NOI) upon stabilization. For instance, the stabilization of newly developed multifamily units is projected to add $43 million to estimated annual NOI by the end of 2025. The U.S. same-store multifamily NOI increased by 3.3% in Q2 2025, with strong occupancy rates.
- Strategic Asset Recycling and Reinvestment into Core Growth Areas: Kennedy-Wilson is actively engaged in a program of selling non-core assets to generate cash. These proceeds are then strategically reallocated to reduce debt, strengthen the balance sheet, and fund growth in its higher-margin investment management platforms and core real estate acquisitions, particularly within rental housing. The company expected to generate over $400 million from non-core asset sales in 2025. In 2024, Kennedy-Wilson successfully achieved its $550 million asset sale target, generating $475 million in cash.
- Acquisition-Led Growth, notably the Toll Brothers Apartment Living platform: Significant acquisitions are a key driver for expanding Kennedy-Wilson's Assets Under Management (AUM) and investment management capabilities. The planned acquisition of the Toll Brothers Apartment Living platform is expected to immediately add $5 billion to AUM, increasing the total to an estimated $36 billion, with over 70% attributable to rental housing. This acquisition will also expand Kennedy-Wilson's national rental housing platform to over 90,000 units.
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Capital Allocation Decisions for Kennedy-Wilson (KW)
Share Repurchases
- Kennedy Wilson expanded its share repurchase program from $250 million to $500 million in November 2020.
- As of December 31, 2025, approximately $100.9 million remained authorized for repurchase under the $500 million program.
- The company repurchased 393,493 shares for $2.5 million in 2025 and 1,565,775 shares for $13.3 million in 2024.
Share Issuance
- In May 2022, Kennedy Wilson established an at-the-market (ATM) equity offering program to issue and sell shares up to an aggregate gross sales price of $200.0 million.
- Under its ATM program, Kennedy Wilson issued 1,690,743 shares for $29.8 million (net of issuance costs) during the year ended December 31, 2023.
Inbound Investments
- In February 2026, a consortium led by Chairman and CEO William McMorrow and Fairfax Financial Holdings Limited agreed to acquire and take Kennedy Wilson private for $10.90 per share in cash, valuing outstanding shares not already owned by consortium members at approximately $1.65 billion.
- Kennedy Wilson has raised $2.5 billion in third-party capital in the 18 months leading up to December 2025, for its investment management platform.
Outbound Investments
- In 2024, Kennedy Wilson deployed $4 billion into new investments, with 90% allocated to new loan originations for multifamily and student housing construction in the U.S. and single-family rental homes in the UK.
- The company deployed or committed approximately $1 billion in Q1 2025, a notable acceleration from $3.5 billion deployed throughout 2024, with a significant portion directed towards new construction loan originations.
- Kennedy Wilson completed the acquisition of the Toll Brothers Apartment Living platform in three phases for a total purchase price of $334 million, adding over $5 billion of assets under management (AUM) and a pipeline of 24 development sites.
Capital Expenditures
- Kennedy Wilson spent $40 million of cash on development in 2024, a decrease from $151 million in 2023, and has minimal equity commitments for current development projects in FY-25.
- The company maintains an active $1.8 billion development pipeline for new assets.
- Kennedy Wilson leverages an annual investment exceeding $50 million in PropTech to enhance its global real estate portfolio's performance.
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| 02202026 | AAT | American Assets Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.2% | -0.2% | -1.5% |
| 12122025 | LINE | Lineage | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.7% | 11.7% | -7.3% |
| 11302025 | OHI | Omega Healthcare Investors | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 6.7% | 6.7% | -6.0% |
| 10312025 | ADC | Agree Realty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.8% | 11.8% | -2.8% |
| 03312021 | KW | Kennedy-Wilson | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 8.0% | 25.7% | -5.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 22.32 |
| Mkt Cap | 3.1 |
| Rev LTM | 900 |
| Op Inc LTM | 217 |
| FCF LTM | 171 |
| FCF 3Y Avg | 273 |
| CFO LTM | 381 |
| CFO 3Y Avg | 387 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.6% |
| Rev Chg 3Y Avg | 2.0% |
| Rev Chg Q | 0.9% |
| QoQ Delta Rev Chg LTM | 0.2% |
| Op Mgn LTM | 18.4% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 30.3% |
| CFO/Rev 3Y Avg | 34.6% |
| FCF/Rev LTM | 0.2% |
| FCF/Rev 3Y Avg | 11.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.1 |
| P/S | 2.7 |
| P/EBIT | 13.6 |
| P/E | 32.4 |
| P/CFO | 8.2 |
| Total Yield | 5.7% |
| Dividend Yield | 4.1% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 1.8 |
| Net D/E | 1.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.8% |
| 3M Rtn | -15.3% |
| 6M Rtn | -21.9% |
| 12M Rtn | -13.0% |
| 3Y Rtn | 26.0% |
| 1M Excs Rtn | -5.5% |
| 3M Excs Rtn | -12.7% |
| 6M Excs Rtn | -20.7% |
| 12M Excs Rtn | -30.4% |
| 3Y Excs Rtn | -48.4% |
Price Behavior
Price Behavior
| Market Price | $10.85 | |
| Market Cap ($ Bil) | 1.5 | |
| First Trading Date | 12/03/2007 | |
| Distance from 52W High | -0.9% | |
| 50 Days | 200 Days | |
| DMA Price | $10.33 | $8.67 |
| DMA Trend | up | up |
| Distance from DMA | 5.0% | 25.2% |
| 3M | 1YR | |
| Volatility | 23.2% | 47.4% |
| Downside Capture | 10.30 | 93.17 |
| Upside Capture | 80.09 | 107.69 |
| Correlation (SPY) | 9.1% | 37.5% |
KW Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.33 | 0.30 | 0.15 | 0.43 | 0.97 | 1.01 |
| Up Beta | -2.21 | -1.06 | -0.89 | -0.38 | 0.77 | 0.74 |
| Down Beta | -0.01 | 0.27 | 0.15 | 0.15 | 1.09 | 0.99 |
| Up Capture | 203% | 123% | 80% | 101% | 111% | 99% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 19 | 29 | 60 | 125 | 372 |
| Down Capture | 16% | 14% | 2% | 48% | 104% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 18 | 27 | 56 | 116 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KW | |
|---|---|---|---|---|
| KW | 33.6% | 47.3% | 0.74 | - |
| Sector ETF (XLRE) | 2.3% | 16.0% | -0.04 | 47.9% |
| Equity (SPY) | 18.7% | 18.8% | 0.78 | 37.4% |
| Gold (GLD) | 53.5% | 26.8% | 1.59 | -2.7% |
| Commodities (DBC) | 18.5% | 17.4% | 0.86 | 7.9% |
| Real Estate (VNQ) | 4.4% | 16.1% | 0.08 | 51.2% |
| Bitcoin (BTCUSD) | -14.3% | 44.4% | -0.22 | 10.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KW | |
|---|---|---|---|---|
| KW | -7.0% | 35.2% | -0.13 | - |
| Sector ETF (XLRE) | 4.7% | 19.0% | 0.15 | 56.5% |
| Equity (SPY) | 12.3% | 17.0% | 0.57 | 46.5% |
| Gold (GLD) | 21.6% | 17.4% | 1.01 | 4.7% |
| Commodities (DBC) | 10.8% | 19.0% | 0.46 | 10.3% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.11 | 60.3% |
| Bitcoin (BTCUSD) | 4.4% | 56.7% | 0.30 | 19.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KW | |
|---|---|---|---|---|
| KW | -1.6% | 33.8% | 0.04 | - |
| Sector ETF (XLRE) | 6.8% | 20.4% | 0.29 | 59.7% |
| Equity (SPY) | 14.6% | 17.9% | 0.70 | 54.7% |
| Gold (GLD) | 13.5% | 15.7% | 0.71 | 1.0% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 19.4% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 63.5% |
| Bitcoin (BTCUSD) | 67.2% | 66.8% | 1.06 | 13.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | -0.2% | 0.5% | |
| 11/5/2025 | -2.3% | -1.8% | -1.0% |
| 8/6/2025 | 2.8% | 12.4% | 20.8% |
| 5/7/2025 | -7.0% | -5.4% | -0.8% |
| 2/26/2025 | 4.4% | 8.6% | -4.7% |
| 11/6/2024 | -3.1% | -5.9% | -2.6% |
| 8/7/2024 | 3.1% | 2.5% | 8.9% |
| 5/8/2024 | 10.7% | 16.5% | 10.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 9 |
| # Negative | 14 | 12 | 14 |
| Median Positive | 3.7% | 3.5% | 10.2% |
| Median Negative | -3.3% | -5.7% | -2.8% |
| Max Positive | 10.7% | 16.5% | 28.2% |
| Max Negative | -9.4% | -16.7% | -16.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McMorrow, William J | CHAIRMAN AND CEO | William J. McMorrow Revocable Trust | Buy | 5192025 | 6.71 | 25,000 | 167,750 | 54,180,009 | Form |
| 2 | McMorrow, William J | CHAIRMAN AND CEO | William J. McMorrow Revocable Trust | Buy | 5152025 | 6.36 | 200,000 | 1,272,000 | 51,194,928 | Form |
| 3 | Zax, Stanley R | Direct | Buy | 3192025 | 8.56 | 41,000 | 350,960 | 4,685,744 | Form | |
| 4 | Hendrickson, Cathy | Direct | Sell | 3142025 | 8.62 | 30,000 | 258,600 | 847,501 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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