Kennedy-Wilson (NYSE:KW) Trading Down 6.6%

Kennedy-Wilson Holdings, Inc. (NYSE:KW) shares traded down 6.6% during mid-day trading on Wednesday . The stock traded as low as $8.29 and last traded at $8.32. 93,748 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,352,356 shares. The stock had previously closed at $8.91.

Analyst Ratings Changes

Separately, TheStreet downgraded Kennedy-Wilson from a “c-” rating to a “d+” rating in a research note on Thursday, February 22nd.

Kennedy-Wilson Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25. The business has a 50-day moving average of $8.90 and a 200-day moving average of $11.16.

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

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s payout ratio is currently -39.02%.

Hedge Funds Weigh In On Kennedy-Wilson

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP grew its holdings in Kennedy-Wilson by 313.0% during the fourth quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,656 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Kennedy-Wilson by 131.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,259 shares during the period. Simplex Trading LLC bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth approximately $34,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kennedy-Wilson by 268.7% during the first quarter. Tower Research Capital LLC TRC now owns 2,765 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 2,015 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Kennedy-Wilson during the third quarter worth approximately $52,000. Institutional investors own 87.72% of the company’s stock.

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.