Kennedy-Wilson (NYSE:KW) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Kennedy-Wilson Holdings Inc. (NYSE:KWGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.40 and traded as high as $11.03. Kennedy-Wilson shares last traded at $11.0150, with a volume of 621,821 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kennedy-Wilson in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $11.00.

Check Out Our Latest Stock Analysis on Kennedy-Wilson

Kennedy-Wilson Trading Up 0.1%

The firm’s 50 day moving average is $10.94 and its 200 day moving average is $10.40. The company has a market cap of $1.53 billion, a PE ratio of 100.15 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81.

Kennedy-Wilson (NYSE:KWGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The company had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $91.69 million.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s payout ratio is currently 436.36%.

Hedge Funds Weigh In On Kennedy-Wilson

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new position in Kennedy-Wilson in the 2nd quarter worth approximately $58,000. Advisory Services Network LLC purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter valued at $71,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter valued at $86,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter valued at $88,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kennedy-Wilson in the 4th quarter valued at $89,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

About Kennedy-Wilson

(Get Free Report)

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.

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