Kennedy-Wilson (NYSE:KW) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Trading Up 0.2%

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

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (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 business had revenue of $117.20 million during the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Dividend Announcement

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

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Kennedy-Wilson during the second quarter worth approximately $58,000. Advisory Services Network LLC bought a new position in shares of Kennedy-Wilson in the third quarter valued at approximately $71,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kennedy-Wilson in the third quarter worth $86,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Kennedy-Wilson in the third quarter worth $88,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Kennedy-Wilson during the 4th quarter worth $89,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Company Profile

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.