Kennedy-Wilson (NYSE:KW) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Kennedy-Wilson's stock crossed above its 200-day moving average (200‑day MA $9.71), trading as high as $10.89 and last at $10.8840 on volume of 880,698 shares, signaling a technical uptick.
• Analyst sentiment remains cautious with a MarketBeat consensus of "Reduce" and an average price target of $11.00, though Weiss upgraded the stock to a Hold while JPMorgan stays Underweight with an $11 target.
• The company pays a quarterly dividend of $0.12 (annualized $0.48, yield 4.4%) but has a negative payout ratio (‑165.52%) and a high debt‑to‑equity ratio of 5.75, indicating financial risk despite the yield.

Kennedy-Wilson Holdings Inc. (NYSE:KW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.71 and traded as high as $10.89. Kennedy-Wilson shares last traded at $10.8840, with a volume of 880,698 shares.

Analyst Ratings Changes

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

Kennedy-Wilson Trading Down 0.1%

The business has a fifty day moving average of $10.68 and a 200-day moving average of $9.71. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $1.51 billion, a P/E ratio of -37.53 and a beta of 0.93.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 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 4.4%. The ex-dividend date was Tuesday, March 31st. Kennedy-Wilson's dividend payout ratio (DPR) is currently -165.52%.

Institutional Investors Weigh In On Kennedy-Wilson

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its stake in 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 purchasing an additional 2,327 shares during the last quarter. State of Wyoming bought a new position in shares of Kennedy-Wilson in the second quarter valued at approximately $58,000. Advisory Services Network LLC bought a new position in shares of Kennedy-Wilson in the third quarter valued at approximately $71,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Kennedy-Wilson during the third quarter valued at approximately $86,000. Finally, GAMMA Investing LLC boosted its position in shares of Kennedy-Wilson by 99.6% during the third quarter. GAMMA Investing LLC now owns 10,636 shares of the financial services provider's stock valued at $88,000 after buying an additional 5,307 shares during the last quarter. Institutional investors and hedge funds 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.

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