Kennedy-Wilson (NYSE:KW) Hits New 1-Year Low - Here's Why

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.60 and last traded at $6.67, with a volume of 1277300 shares trading hands. The stock had previously closed at $7.10.

Analysts Set New Price Targets

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 3.3 %

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 company's 50-day moving average is $8.68 and its 200 day moving average is $9.85. The company has a market cap of $955.02 million, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were issued a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 6.94%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

Insider Transactions at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley R. Zax bought 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 purchase, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.73% of the company's stock.

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Hedge Funds Weigh In On Kennedy-Wilson

Several large investors have recently bought and sold shares of the stock. FMR LLC raised its position in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 1,182 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Kennedy-Wilson by 13.3% during the third quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock worth $159,000 after buying an additional 1,686 shares during the period. Van ECK Associates Corp grew its holdings in shares of Kennedy-Wilson by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after buying an additional 1,995 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kennedy-Wilson by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider's stock valued at $646,000 after acquiring an additional 2,054 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Kennedy-Wilson by 0.3% during the fourth quarter. Legal & General Group Plc now owns 727,693 shares of the financial services provider's stock worth $7,270,000 after purchasing an additional 2,105 shares during the last quarter. Institutional investors and hedge funds 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.