Kennedy-Wilson (NYSE:KW) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Kennedy-Wilson Holdings Inc. (NYSE:KW)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Price Performance

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

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

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 436.36%.

Hedge Funds Weigh In On Kennedy-Wilson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Kennedy-Wilson in the 2nd quarter valued at approximately $58,000. Advisory Services Network LLC acquired a new stake in shares of Kennedy-Wilson during the 3rd quarter worth approximately $71,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $86,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $88,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at $89,000. 87.72% of the stock is currently owned by institutional investors.

About Kennedy-Wilson

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.