Kennedy-Wilson (NYSE:KW) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Kennedy-Wilson passed above its 200-day moving average (200-day MA $9.48), trading as high as $10.90 with last trade $10.885 and volume ~1.06 million shares, a potential bullish technical signal.
• Wall Street consensus is a "Reduce" with a $11 price target (one Hold, one Sell), while fundamentals show a negative P/E (-37.53) and high leverage (debt-to-equity 5.75), suggesting valuation and risk concerns despite the price move.
• The company announced a quarterly dividend of $0.12 (annualized yield ~4.4%) with an ex-dividend date of March 31, but the dividend payout ratio is negative (-165.52%); institutional ownership is high (~87.7%) with several funds recently increasing positions.

Kennedy-Wilson Holdings Inc. (NYSE:KW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.48 and traded as high as $10.90. Kennedy-Wilson shares last traded at $10.8850, with a volume of 1,060,115 shares changing hands.

Wall Street Analysts Forecast Growth

KW has been the subject of several research reports. Weiss Ratings upgraded Kennedy-Wilson from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. restated an "underweight" rating and issued a $11.00 price objective on shares of Kennedy-Wilson in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $11.00.

Kennedy-Wilson Stock Performance

The firm's 50 day moving average price is $10.38 and its two-hundred day moving average price is $9.48. The firm has a market cap of $1.51 billion, a PE ratio of -37.53 and a beta of 0.98. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.79 and a current ratio of 0.79.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.48 annualized dividend and a yield of 4.4%. Kennedy-Wilson's dividend payout ratio (DPR) is -165.52%.

Institutional Trading of Kennedy-Wilson

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Kennedy-Wilson by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider's stock valued at $45,686,000 after acquiring an additional 131,145 shares during the period. Mackenzie Financial Corp increased its holdings in Kennedy-Wilson by 0.7% in the 3rd quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider's stock valued at $36,932,000 after purchasing an additional 29,241 shares during the last quarter. Elkhorn Partners Limited Partnership increased its holdings in Kennedy-Wilson by 1.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 4,251,400 shares of the financial services provider's stock valued at $28,910,000 after purchasing an additional 43,400 shares during the last quarter. Alberta Investment Management Corp raised its position in Kennedy-Wilson by 44.1% in the fourth quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider's stock valued at $39,650,000 after purchasing an additional 1,255,245 shares during the period. Finally, Geode Capital Management LLC raised its position in Kennedy-Wilson by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider's stock valued at $30,224,000 after purchasing an additional 33,798 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

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.

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