Kennedy-Wilson (NYSE:KW) Stock Price Down 6.6%

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report)'s share price dropped 6.6% on Wednesday . The stock traded as low as $8.29 and last traded at $8.32. Approximately 93,748 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,352,356 shares. The stock had previously closed at $8.91.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Kennedy-Wilson from a "c-" rating to a "d+" rating in a report on Thursday, February 22nd.

Kennedy-Wilson Stock Performance

The company has a debt-to-equity ratio of 5.25, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.18 billion, a P/E ratio of -3.45 and a beta of 1.06. The company has a fifty day moving average of $8.94 and a two-hundred day moving average of $11.18.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($1.44). The company had revenue of $140.10 million for the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. On average, equities analysts anticipate that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Kennedy-Wilson's payout ratio is -39.02%.

Institutional Trading of Kennedy-Wilson

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Kennedy-Wilson by 80.8% in the 1st quarter. BlackRock Inc. now owns 21,516,531 shares of the financial services provider's stock valued at $356,959,000 after acquiring an additional 9,617,307 shares during the period. State Street Corp increased its position in Kennedy-Wilson by 48.4% in the 1st quarter. State Street Corp now owns 7,247,244 shares of the financial services provider's stock valued at $121,891,000 after acquiring an additional 2,365,203 shares during the period. Dimensional Fund Advisors LP increased its position in Kennedy-Wilson by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,597,631 shares of the financial services provider's stock valued at $92,863,000 after acquiring an additional 497,057 shares during the period. Mackenzie Financial Corp increased 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 acquiring an additional 421,365 shares during the period. Finally, Copeland Capital Management LLC increased its position in Kennedy-Wilson by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 2,888,778 shares of the financial services provider's stock valued at $42,581,000 after acquiring an additional 16,919 shares during the period. 87.72% of the stock is currently 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.