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

Kennedy-Wilson Holdings Inc. (NYSE:KW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.83 and traded as high as $9.92. Kennedy-Wilson shares last traded at $9.8550, with a volume of 670,143 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on KW shares. Wall Street Zen lowered Kennedy-Wilson from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kennedy-Wilson in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $11.00 price objective on shares of Kennedy-Wilson in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Sell” and an average target price of $10.00.

Kennedy-Wilson Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.99. The firm’s fifty day moving average price is $9.80 and its 200-day moving average price is $8.83. The stock has a market cap of $1.36 billion, a P/E ratio of -37.90 and a beta of 1.02.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, December 31st. Kennedy-Wilson’s dividend payout ratio is currently -184.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Financial Group Inc. grew its position in shares of Kennedy-Wilson by 916.0% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock worth $21,601,000 after buying an additional 2,493,628 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Kennedy-Wilson by 8,688.3% in the second quarter. Evergreen Capital Management LLC now owns 1,306,474 shares of the financial services provider’s stock worth $9,039,000 after acquiring an additional 1,291,608 shares during the period. M&T Bank Corp purchased a new stake in Kennedy-Wilson in the fourth quarter worth $8,961,000. UBS Group AG boosted its holdings in Kennedy-Wilson by 133.8% in the third quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock valued at $11,570,000 after acquiring an additional 795,844 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Kennedy-Wilson by 16.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,794,325 shares of the financial services provider’s stock valued at $19,001,000 after purchasing an additional 385,561 shares during the period. Institutional investors own 87.72% of the company’s stock.

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.