Kennedy-Wilson (NYSE:KW) Sets New 1-Year Low - What's Next?

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

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Trading Up 1.3 %

The company has a market capitalization of $897.60 million, a price-to-earnings ratio of -2.52, a PEG ratio of 0.54 and a beta of 0.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a fifty day moving average of $8.21 and a 200-day moving average of $9.56.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.38%. Kennedy-Wilson's payout ratio is currently -85.71%.

Insider Activity

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

Institutional Investors Weigh In On Kennedy-Wilson

A number of hedge funds have recently made changes to their positions in KW. Harbor Capital Advisors Inc. lifted its position in Kennedy-Wilson by 22.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock worth $7,503,000 after buying an additional 135,559 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 191,790 shares during the last quarter. Smartleaf Asset Management LLC increased 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 purchasing an additional 3,755 shares in the last quarter. Barclays PLC boosted its stake in Kennedy-Wilson by 265.2% in the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock valued at $2,130,000 after acquiring an additional 140,039 shares during the last quarter. Finally, abrdn plc boosted its stake in Kennedy-Wilson by 89.5% during the 4th quarter. abrdn plc now owns 43,013 shares of the financial services provider's stock worth $430,000 after acquiring an additional 20,314 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

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.