Kennedy-Wilson (NYSE:KW) Stock Price Down 3.2%

Kennedy-Wilson Holdings, Inc. (NYSE:KW)’s share price dropped 3.2% during trading on Tuesday . The company traded as low as $8.11 and last traded at $8.14. Approximately 264,988 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,385,503 shares. The stock had previously closed at $8.41.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

Kennedy-Wilson Stock Up 2.9 %

The company has a market capitalization of $1.19 billion, a PE ratio of -3.49 and a beta of 1.06. The firm’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $11.71. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.00 and a current ratio of 1.00.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) EPS for the quarter, missing the consensus estimate 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%. As a group, equities research analysts forecast that Kennedy-Wilson Holdings, Inc. will post -1.36 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 28th will be given a $0.24 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.20%. Kennedy-Wilson’s dividend payout ratio is presently -39.02%.

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently made changes to their positions in KW. Invesco Ltd. raised its stake in Kennedy-Wilson by 2.9% in the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after purchasing an additional 66,623 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kennedy-Wilson by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock valued at $22,650,000 after acquiring an additional 85,481 shares during the last quarter. Barclays PLC increased its stake in shares of Kennedy-Wilson by 58.1% during the 3rd quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock valued at $2,409,000 after acquiring an additional 60,074 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Kennedy-Wilson during the 3rd quarter valued at about $269,000. Finally, Natixis Advisors L.P. increased its stake in shares of Kennedy-Wilson by 70.2% during the 3rd quarter. Natixis Advisors L.P. now owns 31,497 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 12,996 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

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.