Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) reached a new 52-week low during trading on Wednesday . The stock traded as low as $17.25 and last traded at $17.40, with a volume of 2050100 shares changing hands. The stock had previously closed at $17.90.

Several analysts have recently commented on the stock. BidaskClub lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Deutsche Bank reaffirmed a “hold” rating and set a $23.00 price target on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.33.

The company has a market capitalization of $2,710.85, a PE ratio of 42.62, a PEG ratio of 6.39 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The firm’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) earnings per share. research analysts forecast that Kennedy-Wilson Holdings Inc will post 0.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be given a $0.19 dividend. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a yield of 4.42%. Kennedy-Wilson’s payout ratio is presently 523.12%.

In other news, Director Stanley R. Zax bought 50,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were bought at an average price of $19.18 per share, with a total value of $959,000.00. Following the completion of the transaction, the director now directly owns 300,300 shares in the company, valued at $5,759,754. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.07% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in KW. SG Americas Securities LLC purchased a new stake in Kennedy-Wilson in the third quarter valued at approximately $129,000. Prudential Financial Inc. raised its position in Kennedy-Wilson by 3.9% in the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 380 shares during the period. Amalgamated Bank raised its position in Kennedy-Wilson by 3.7% in the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 377 shares during the period. GSA Capital Partners LLP purchased a new stake in Kennedy-Wilson in the third quarter valued at approximately $206,000. Finally, Principal Financial Group Inc. raised its position in Kennedy-Wilson by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 272 shares during the period. 66.57% of the stock is currently owned by institutional investors.

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Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

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