Kennedy-Wilson (NYSE:KW) Shares Down 4.9%

Kennedy-Wilson Holdings, Inc. (NYSE:KW) shares were down 4.9% during mid-day trading on Monday . The stock traded as low as $10.17 and last traded at $10.18. Approximately 103,431 shares were traded during trading, a decline of 91% from the average daily volume of 1,096,812 shares. The stock had previously closed at $10.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KW shares. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upped their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday.

Kennedy-Wilson Trading Down 5.1 %

The company’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $9.51. The firm has a market capitalization of $1.40 billion, a PE ratio of -5.43 and a beta of 1.10. The company has a debt-to-equity ratio of 5.34, a current ratio of 1.44 and a quick ratio of 1.44.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.12. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. Kennedy-Wilson’s revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts expect that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.73%. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

Institutional Investors Weigh In On Kennedy-Wilson

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Kennedy-Wilson during the 4th quarter worth approximately $8,078,000. BNP Paribas Financial Markets grew its stake in Kennedy-Wilson by 1,238.7% during the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after purchasing an additional 652,116 shares in the last quarter. Easterly Investment Partners LLC purchased a new stake in Kennedy-Wilson during the 1st quarter worth about $5,007,000. Mackenzie Financial Corp raised its position in Kennedy-Wilson by 10.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock valued at $56,200,000 after purchasing an additional 421,365 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Kennedy-Wilson by 31.1% in the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after buying an additional 205,890 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

About Kennedy-Wilson

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.