Kennedy-Wilson (NYSE:KW) Shares Up 8.6% - What's Next?

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) traded up 8.6% during trading on Thursday . The stock traded as high as $9.97 and last traded at $9.96. 63,214 shares traded hands during trading, a decline of 88% from the average session volume of 510,596 shares. The stock had previously closed at $9.17.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KW. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 price target on the stock. StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

Kennedy-Wilson Price Performance

The business has a 50-day moving average of $9.28 and a 200 day moving average of $10.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market capitalization of $1.33 billion, a P/E ratio of -3.74, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.97%. Kennedy-Wilson's dividend payout ratio is -85.71%.

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Hedge Funds Weigh In On Kennedy-Wilson

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Kennedy-Wilson by 255.4% during the third quarter. Nisa Investment Advisors LLC now owns 20,504 shares of the financial services provider's stock worth $229,000 after buying an additional 14,735 shares during the last quarter. abrdn plc increased its position in shares of Kennedy-Wilson by 10.5% during the third quarter. abrdn plc now owns 22,699 shares of the financial services provider's stock worth $251,000 after acquiring an additional 2,166 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Kennedy-Wilson by 225.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider's stock worth $6,801,000 after acquiring an additional 426,495 shares during the last quarter. Van ECK Associates Corp lifted its position in Kennedy-Wilson by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 19,542 shares of the financial services provider's stock valued at $215,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in Kennedy-Wilson during the 3rd quarter valued at about $735,000. 87.72% of the stock is currently owned by institutional investors.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.