KW - Kennedy Wilson: Attractive Valuation But The Dividend May Be At Risk

2024-03-13 09:23:58 ET

Summary

• Kennedy-Wilson Holdings' share price has dropped 11% since issuing its full-year earnings report in February 2024.
• The decline in share price does not reflect the company's fundamentals, but there is a risk of the dividend being eliminated.
• The company has a strong business model with existing revenue streams and new revenue streams, such as asset disposals and a growing global debt platform.

Introduction

Kennedy-Wilson Holdings ( KW ) issued their full year 2023 earnings report on the 22nd February 2024 and since then the share price has continued its downward spiral dropping another 11 percent. Having a keen interest in the real estate market I decided to take a deeper look into what's going on at KW and if the share price decline may have gone too far.

Real estate is a challenging market these days with higher interest rates and a significantly reduced transaction market in the markets in which KW operates....

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