Kennedy-Wilson Holdings Inc. (KW) Sees Strong Trading Volume
Kennedy-Wilson Holdings Inc. (NYSE:KW) shares saw strong trading volume on Tuesday . 714,457 shares were traded during mid-day trading, an increase of 100% from the previous session’s volume of 357,639 shares.The stock last traded at $21.81 and had previously closed at $21.68.
A number of research analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and issued a $31.75 target price on shares of Kennedy-Wilson Holdings in a report on Sunday, August 14th. Goodbody reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Davy Research reiterated an “outperform” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Deutsche Bank AG reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Finally, Zacks Investment Research cut Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.69.
The company’s 50-day moving average is $21.71 and its 200-day moving average is $20.92. The company has a market cap of $2.45 billion, a P/E ratio of 74.95 and a beta of 1.43.
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Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $175.90 million. During the same period in the previous year, the business earned $0.29 EPS. The company’s revenue was up 25.6% on a year-over-year basis. On average, equities research analysts anticipate that Kennedy-Wilson Holdings Inc. will post ($0.23) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio is currently 186.67%.
Several institutional investors have recently bought and sold shares of KW. Keeley Asset Management Corp boosted its position in Kennedy-Wilson Holdings by 160.3% in the second quarter. Keeley Asset Management Corp now owns 2,547,565 shares of the company’s stock valued at $48,302,000 after buying an additional 1,569,040 shares in the last quarter. Norges Bank bought a new position in Kennedy-Wilson Holdings during the fourth quarter valued at approximately $22,484,000. Third Avenue Management LLC boosted its position in Kennedy-Wilson Holdings by 165.6% in the first quarter. Third Avenue Management LLC now owns 1,441,412 shares of the company’s stock valued at $31,567,000 after buying an additional 898,612 shares in the last quarter. Wellington Management Group LLP boosted its position in Kennedy-Wilson Holdings by 4.9% in the first quarter. Wellington Management Group LLP now owns 15,206,575 shares of the company’s stock valued at $333,023,000 after buying an additional 712,709 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Kennedy-Wilson Holdings by 19.5% in the second quarter. TimesSquare Capital Management LLC now owns 3,418,461 shares of the company’s stock valued at $64,814,000 after buying an additional 558,090 shares in the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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