Kennedy-Wilson (NYSE:KW) Reaches New 52-Week Low - Time to Sell?

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $7.92 and last traded at $7.96, with a volume of 446911 shares. The stock had previously closed at $8.61.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective on the stock.

Kennedy-Wilson Trading Down 6.1 %

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The business's fifty day moving average is $8.85 and its 200-day moving average is $9.96. The stock has a market capitalization of $919.82 million, a PE ratio of -2.58, a P/E/G ratio of 0.54 and a beta of 0.98.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.20%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

Insider Buying and Selling

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

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its stake in shares of Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock valued at $92,903,000 after buying an additional 325,737 shares in the last quarter. Geode Capital Management LLC grew its position in Kennedy-Wilson by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider's stock valued at $31,599,000 after acquiring an additional 20,500 shares in the last quarter. Alberta Investment Management Corp boosted its stake in shares of Kennedy-Wilson by 17.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after purchasing an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kennedy-Wilson by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after purchasing an additional 64,352 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Kennedy-Wilson by 18.2% during the 4th quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock worth $15,704,000 after buying an additional 241,943 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile

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.