Kennedy-Wilson Holdings Inc. (KW) Sees Strong Trading Volume
Kennedy-Wilson Holdings Inc. (NYSE:KW) saw unusually-high trading volume on Monday . Approximately 384,443 shares were traded during trading, an increase of 25% from the previous session’s volume of 306,402 shares.The stock last traded at $21.90 and had previously closed at $21.79.
KW has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, July 13th. BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Tuesday, June 21st. B. Riley reaffirmed a “buy” rating and set a $34.75 price target on shares of Kennedy-Wilson Holdings in a research note on Tuesday, May 17th. Finally, Goodbody reaffirmed a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.69.
The stock has a market cap of $2.47 billion and a price-to-earnings ratio of 75.43. The firm’s 50 day moving average is $20.98 and its 200 day moving average is $20.50.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. During the same quarter last year, the company posted $0.29 earnings per share. The business had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $175.90 million. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, analysts expect that Kennedy-Wilson Holdings Inc. will post ($0.23) EPS for the current year.
In other news, Director Stanley R. Zax acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $940,000.00. Following the acquisition, the director now directly owns 234,800 shares in the company, valued at approximately $4,414,240. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO William J. Mcmorrow acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was purchased at an average price of $18.83 per share, for a total transaction of $376,600.00. Following the completion of the acquisition, the chief executive officer now owns 1,988,568 shares in the company, valued at $37,444,735.44. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Kennedy-Wilson Holdings stock. New York State Common Retirement Fund boosted its position in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,300 shares of the company’s stock after buying an additional 2,600 shares during the period. New York State Common Retirement Fund owned 0.08% of Kennedy-Wilson Holdings worth $2,102,000 as of its most recent filing with the SEC.
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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