Kennedy-Wilson (NYSE:KW) Stock Price Down 8.4%

Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) traded down 8.4% during mid-day trading on Friday . The company traded as low as $15.99 and last traded at $16.00. 1,439,870 shares changed hands during trading, an increase of 64% from the average session volume of 879,633 shares. The stock had previously closed at $17.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TheStreet raised shares of Kennedy-Wilson from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. StockNews.com assumed coverage on shares of Kennedy-Wilson in a research note on Thursday. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered shares of Kennedy-Wilson from an “overweight” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Friday, December 16th.

Kennedy-Wilson Price Performance

The business’s 50 day moving average price is $17.29 and its 200 day moving average price is $16.66. The stock has a market capitalization of $2.26 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 4.68 and a beta of 1.15. The company has a debt-to-equity ratio of 3.94, a current ratio of 0.93 and a quick ratio of 0.93.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Friday, March 31st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.87%. Kennedy-Wilson’s dividend payout ratio is presently 213.34%.

Institutional Trading of Kennedy-Wilson

A number of large investors have recently made changes to their positions in KW. Norges Bank bought a new stake in Kennedy-Wilson during the fourth quarter valued at approximately $16,017,000. Invesco Ltd. grew its position in Kennedy-Wilson by 353.2% during the first quarter. Invesco Ltd. now owns 1,285,675 shares of the financial services provider’s stock valued at $31,357,000 after buying an additional 1,002,004 shares during the period. Boston Partners bought a new stake in Kennedy-Wilson during the third quarter valued at approximately $13,653,000. State Street Corp grew its position in Kennedy-Wilson by 22.2% during the first quarter. State Street Corp now owns 4,649,254 shares of the financial services provider’s stock valued at $114,454,000 after buying an additional 844,102 shares during the period. Finally, Royce & Associates LP grew its position in Kennedy-Wilson by 12.9% during the third quarter. Royce & Associates LP now owns 5,874,001 shares of the financial services provider’s stock valued at $90,812,000 after buying an additional 671,873 shares during the period. 90.27% of the stock is currently owned by institutional investors.

Kennedy-Wilson Company Profile

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Kennedy-Wilson Holdings, Inc operates as a real estate investment company, which engages in the ownership, operation, development, and investment in real estate properties. It operates through the Consolidated Portfolio and Co-Investment Portfolio segments. The Consolidated Portfolio segment includes the investments that the company has made in real estate and real estate-related assets.