Kennedy-Wilson Holdings Inc

KW remains in a Stage 2 advancing phase with higher-highs and higher-lows supported by rising EMAs, but price is extended at resistance in an overbought context with sideways action. Short-term timing is neutral, so we recommend stalking for a pullback into the rising EMA zone or near the 50-day moving average before initiating exposure.

• ↑Q4 2024 investment management fees rose 60% YoY to $100 M.
• ↑Multifamily occupancy holds above 94% amid housing undersupply.
• ↓Competition from insurers and banks narrows loan spreads, pressuring profits.