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

Kennedy-Wilson Holdings Inc. (NYSE:KW) saw an uptick in trading volume on Monday . 3,192,866 shares traded hands during 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.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Stock Performance

The company’s 50-day moving average price is $10.94 and its 200 day moving average price is $10.41. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $1.53 billion, a PE ratio of 100.15 and a beta of 0.87.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, topping 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 firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $91.69 million.

Kennedy-Wilson Dividend Announcement

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

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently modified their holdings of KW. Brooklyn Investment Group lifted its position in Kennedy-Wilson by 6.9% during the 4th quarter. Brooklyn Investment Group now owns 16,382 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,057 shares during the period. Sei Investments Co. lifted its position in Kennedy-Wilson by 6.4% during the 3rd quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,863 shares during the period. Barclays PLC lifted its position in Kennedy-Wilson by 0.9% during the 4th quarter. Barclays PLC now owns 201,427 shares of the financial services provider’s stock valued at $1,948,000 after acquiring an additional 1,867 shares during the period. Aberdeen Group plc lifted its position in Kennedy-Wilson by 4.9% during the 4th quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 1,980 shares during the period. Finally, AlphaQuest LLC lifted its position in Kennedy-Wilson by 4.9% during the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 2,047 shares during the period. 87.72% of the stock is owned by hedge funds and other 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.