Kennedy-Wilson (NYSE:KW) Sets New 52-Week High – Time to Buy?

Kennedy-Wilson Holdings Inc. (NYSE:KW)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $10.84 and last traded at $10.8350, with a volume of 2045867 shares. The stock had previously closed at $9.89.

Analyst Ratings Changes

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

Kennedy-Wilson Stock Performance

The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.51 billion, a PE ratio of -42.05 and a beta of 1.02. The firm’s 50 day moving average price is $9.88 and its 200-day moving average price is $9.03.

Institutional Trading of Kennedy-Wilson

A number of institutional investors and hedge funds have recently made changes to their positions in KW. CWM LLC lifted its position in shares of Kennedy-Wilson by 98.9% during the 3rd quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,327 shares in the last quarter. State of Wyoming acquired a new position in Kennedy-Wilson during the second quarter worth $58,000. Advisory Services Network LLC purchased a new position in Kennedy-Wilson during the third quarter valued at $71,000. PharVision Advisers LLC acquired a new stake in shares of Kennedy-Wilson in the second quarter valued at about $73,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kennedy-Wilson in the third quarter valued at about $86,000. 87.72% of the stock is currently 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.