Kennedy-Wilson Holdings Hits New 12-Month High Following Dividend Announcement (KW)
Shares of Kennedy-Wilson Holdings (NYSE:KW) hit a new 52-week high on Wednesday after the company announced a dividend, Analyst Ratings Net reports. The company traded as high as $26.50 and last traded at $26.47, with a volume of 268,029 shares trading hands. The stock had previously closed at $26.32.
The newly announced dividend is scheduled for Tuesday, July 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.37%.
Several analysts have recently commented on the stock. Analysts at B. Riley raised their price target on shares of Kennedy-Wilson Holdings from $31.00 to $32.50 in a research note on Friday, May 9th. Analysts at Bank of America reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Thursday, April 10th. They now have a $27.00 price target on the stock, up previously from $24.00.
The stock has a 50-day moving average of $24.14 and a 200-day moving average of $23.18. The company’s market cap is $2.421 billion.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.50. The company had revenue of $51.50 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 125.9% on a year-over-year basis. On average, analysts predict that Kennedy-Wilson Holdings will post $-0.29 earnings per share for the current fiscal year.
Kennedy-Wilson Holdings, Inc (NYSE:KW) is an international real estate investment and services firm.
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