Kennedy-Wilson (NYSE:KW) Reaches New 52-Week Low – What’s Next?

Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $6.28 and last traded at $6.36, with a volume of 604440 shares. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 target price for the company.

Kennedy-Wilson Price Performance

The company has a market cap of $876.35 million, a P/E ratio of -2.46, a P/E/G ratio of 0.54 and a beta of 0.98. The stock has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $9.70. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.56%. The ex-dividend date was Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Insider Transactions at Kennedy-Wilson

In other news, Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the purchase, the director now owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the sale, the director now owns 98,318 shares of the company’s stock, valued at $847,501.16. This trade represents a 23.38 % decrease in their position. The disclosure for this sale can be found here. 22.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Kennedy-Wilson

A number of large investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in shares of Kennedy-Wilson by 822.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock valued at $58,000 after buying an additional 3,755 shares during the last quarter. KBC Group NV lifted its position in Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,748 shares in the last quarter. Cibc World Markets Corp bought a new stake in Kennedy-Wilson during the 4th quarter worth about $106,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Kennedy-Wilson in the 4th quarter valued at about $114,000. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Company Profile

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.