Technical Outlook And Game Plan For Kennedy-Wilson Holdings Inc. (NYSE: KW)


    The Vanguard Group, Inc. has recently announced that it has increased stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 5.45%. After grabbing 19.36 million shares, the institutional investor is now in possession of 1.0 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 13.49% having worth around $287.32 million. Moreover, BlackRock Fund Advisors increased its share by 39998.0 to have a control over 8.8 million shares. And Principal Global Investors LLC raised its holdings to 14658.0 shares by acquiring 7.1 million shares or 4.95% of the stake.

    Kennedy-Wilson Holdings Inc. (KW) concluded trading on 08/27/20 at a closing price of $14.74, with 1.35 million shares of worth about $19.91 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 3.95% during that period and on Thursday the price saw a gain of about 4.84%. Currently the company’s common shares owned by public are about 140.22M shares, out of which, 123.78M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the KW stock and their offered price forecasts bring an average price target of $18.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $20.00 and could fall to a lowest price of $15.50. Analysts also issued an outlook of 2.30 for the Kennedy-Wilson Holdings Inc. stock for next 12 months. The stock’s current price level is 28.1% above of average price target set by the analysts, while a rise to estimated low would result in gain of 4.9 for the stock. However, touching the estimated high of $20.00 would mean a gain of 26.3% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 790,012 shares in 29 of the transactions. In 24 selling transactions, insiders dumped 485,199 shares.

    Vanguard Real Estate Index Fund, Principal Investors – Mid Cap Fun, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Kennedy-Wilson Holdings Inc. Vanguard Real Estate Index Fund is currently holding 5.71 million shares of worth totaling $84.71 million. The company recently came selling 23818.0 shares which brought its stake up to 3.98% of the company’s outstanding shares. Principal Investors – Mid Cap Fun sold -0.46 million shares, after which its hold over company’s outstanding shares shrunk to 3.88%, leaving 5.57 million shares with the mutual fund that have a worth of about $82.61 million. Vanguard Total Stock Market Index, after selling 4.06 million shares, have now control over 2.83% of the stake in the company. It holds 30378.0 shares of worth $60.24 million.

    Kennedy-Wilson Holdings Inc. (NYSE: KW) started trading at $14.35, above $0.29 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $14.74, or with a gain of 4.84%. Stock saw a price change of 3.95% in past 5 days and over the past one month there was a price change of -4.41%. Year-to-date (YTD), KW shares are showing a performance of -33.90% which decreased to -29.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.98 but also hit the highest price of $23.50 during that period. While comparing its average daily trading volume of 484.72K shares, we see that about 1.35 million changed hands on the day. The stock is currently trading 0.40% above its 20-day simple moving average (SMA20), while that difference is down -2.23% for SMA50 and it goes to -16.44% lower than SMA200.

    The Vanguard Group, Inc. acquired 19.36 million shares of Kennedy-Wilson Holdings Inc. having value of about $287.32 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.0 million shares in the company valued at close to $14744613.62, or have control over 5.45% stake in the company. Kennedy-Wilson Holdings Inc. (NYSE: KW) currently have 140.22M outstanding shares and institutions hold larger chunk of about 83.40% of that. Holding of mutual funds in the company is about 38.50% while other institutional holders and individual stake holders have control over 44.47% and 15.75% of the stake respectively.

    The stock has a current market capitalization of $2.10B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 16.56, while it has posted earnings per share of $0.89 in the same period. Its PEG reads 2.07 while making debt-to-equity ratio of 4.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KW, volatility over the week remained 2.65% while standing at 2.96% over the month.

    Analysts are in expectations that Kennedy-Wilson Holdings Inc. (KW) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter ESPS is -$0.06 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 53.50% while it is estimated to increase by 24.30% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 63.50% made by the stock over the past 5-years.

    Analysts at 3 brokerage firms have issued recommendations for the Kennedy-Wilson Holdings Inc. (KW)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA/Merrill on January 27, 2020 offering a Neutral rating for the stock and assigned a target price of $24 to it. Coverage by Evercore ISI stated Kennedy-Wilson Holdings Inc. (KW) stock as an Outperform in their note to investors on April 18, 2019, suggesting a price target of for the stock. On March 09, 2018, JMP Securities Upgrade their recommendations, while on October 30, 2017, Deutsche Bank Resumed their ratings for the stock with a price target of $23. Stock get a Mkt perform rating from JMP Securities on May 05, 2017.


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