Kennedy-Wilson (NYSE:KW) Shares Down 4.6%

Kennedy-Wilson Holdings, Inc. (NYSE:KW)’s stock price traded down 4.6% during trading on Tuesday . The stock traded as low as $9.16 and last traded at $9.16. 119,861 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,176,659 shares. The stock had previously closed at $9.60.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Kennedy-Wilson Stock Performance

The stock’s 50-day moving average is $9.85 and its 200-day moving average is $9.74. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -4.87 and a beta of 1.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.34.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. The business had revenue of $136.40 million during the quarter. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. On average, analysts predict that Kennedy-Wilson Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Friday, June 28th. Kennedy-Wilson’s dividend payout ratio is -24.37%.

Institutional Investors Weigh In On Kennedy-Wilson

A number of institutional investors have recently added to or reduced their stakes in KW. Neo Ivy Capital Management bought a new stake in Kennedy-Wilson during the 3rd quarter worth approximately $269,000. Ausdal Financial Partners Inc. grew its holdings in Kennedy-Wilson by 18.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 32,800 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 5,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Kennedy-Wilson by 66.5% in the 4th quarter. SG Americas Securities LLC now owns 48,673 shares of the financial services provider’s stock valued at $603,000 after purchasing an additional 19,441 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Kennedy-Wilson by 3.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 161,681 shares of the financial services provider’s stock valued at $2,002,000 after purchasing an additional 5,055 shares during the last quarter. Finally, LDR Capital Management LLC boosted its stake in shares of Kennedy-Wilson by 23.2% in the 4th quarter. LDR Capital Management LLC now owns 301,259 shares of the financial services provider’s stock valued at $3,730,000 after purchasing an additional 56,785 shares during the last quarter. 87.72% of the stock is 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.