Kennedy-Wilson (NYSE:KW) Sees Strong Trading Volume – Time to Buy?

Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) saw an uptick in trading volume on Wednesday . 3,997,978 shares changed hands during trading, an increase of 233% from the previous session’s volume of 1,202,395 shares.The stock last traded at $11.0250 and had previously closed at $11.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $11.00.

Kennedy-Wilson Stock Down 0.1%

The firm has a market cap of $1.53 billion, a PE ratio of 99.87 and a beta of 0.88. The stock has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $10.27. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.25. The firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.

Kennedy-Wilson Announces Dividend

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

Institutional Investors Weigh In On Kennedy-Wilson

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in 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 in the last quarter. Mackenzie Financial Corp increased its holdings in shares of 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 worth $36,932,000 after purchasing an additional 29,241 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of 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 worth $39,650,000 after purchasing an additional 1,255,245 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $30,224,000 after purchasing an additional 33,798 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of Kennedy-Wilson by 916.0% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock valued at $21,601,000 after purchasing an additional 2,493,628 shares in the last quarter. Hedge funds and other 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.