Can These Companies Surprise? Kennedy-Wilson Holdings Inc (KW), Western Asset Mortgage Capital Corp (WMC) and Assa Abloy AB (ASAZY)
New York, NY – GDP INSIDER – 03/31/2015.
This article discusses three companies: Kennedy-Wilson Holdings Inc (NYSE:KW), Western Asset Mortgage Capital Corp (NYSE:WMC) and Assa Abloy AB (OTCMKTS:ASAZY)
Kennedy-Wilson Holdings Inc (NYSE:KW) started to bounce back yesterday with the stock gaining 1.08% or $0.28 to close at $26.23 on active trading of 0.585 million shares, compared to its three month average trading volume of 0.339 million. The international real estate investment and services company is starting to gain again after it offered 7.5 million shares of common stock at $25.55 last week. With the deal now successfully closed, it is likely that the stock will continue to rise in the near term, making it a hold at the moment.
Western Asset Mortgage Capital Corp (NYSE:WMC) continued to fluctuate yesterday with the stock sliding 0.07% or $0.01 to close at $15.18 on relatively normal trading of 0.974 million shares, compared to its three month average trading volume of 0.765 million. The residentially focused real estate investment trust has been trading within quite a narrow range of between $14.91 and $15.53 for the last month, without showing any signs of breaking out. The share price is already above its one year target estimate of $14.57 and without major news, it is better to sell than hold.
Assa Abloy AB (OTCMKTS:ASAZY) maintained its upward trend yesterday with the stock gaining another 2.00% or $0.59 to close at $30.13 with more than 0.104 million shares changing hands, compared to its three month average trading volume of 0.033 million. The manufacturer of security doors and other security technology has been doing well recently with the stock up 13.52% for the year so far, outperforming the S&P 500 which has only gained 1.33% over the same period. With security becoming a hot topic again, Assa Abloy AB may continue to gain, making it a hold with a view to buy.
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