Kennedy-Wilson (NYSE:KW) Sees Large Volume Increase – What’s Next?

Kennedy-Wilson Holdings Inc. (NYSE:KW) saw strong trading volume on Monday . 3,192,866 shares traded hands during mid-day trading, an increase of 165% from the previous session’s volume of 1,204,705 shares.The stock last traded at $11.0250 and had previously closed at $11.01.

Analysts Set New Price Targets

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

Kennedy-Wilson Stock Up 0.0%

The stock’s fifty day moving average price is $10.94 and its 200 day moving average price is $10.41. The stock 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 current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.26.

Kennedy-Wilson (NYSE:KW) last released its earnings results 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 for the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 annualized dividend and a dividend yield of 4.4%. Kennedy-Wilson’s dividend payout ratio (DPR) is currently 436.36%.

Hedge Funds Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Kennedy-Wilson by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,183,187 shares of the financial services provider’s stock valued at $9,844,000 after buying an additional 124,492 shares during the period. M&T Bank Corp purchased a new stake in Kennedy-Wilson during the 4th quarter valued at $8,961,000. Sumitomo Mitsui Financial Group Inc. boosted its position in Kennedy-Wilson by 916.0% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock valued at $21,601,000 after buying an additional 2,493,628 shares during the period. Advisors Preferred LLC purchased a new stake in Kennedy-Wilson during the 4th quarter valued at $1,185,000. Finally, Alberta Investment Management Corp boosted its position in Kennedy-Wilson by 7.3% during the 3rd quarter. Alberta Investment Management Corp now owns 2,845,077 shares of the financial services provider’s stock valued at $23,671,000 after buying an additional 194,755 shares during the period. Institutional investors own 87.72% of the company’s stock.

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.