Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) hit a new 52-week high on Wednesday . The company traded as high as $22.64 and last traded at $22.63, with a volume of 756345 shares traded. The stock had previously closed at $21.98.

A number of research firms have commented on KW. BTIG Research reiterated a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research report on Thursday, August 8th. ValuEngine lowered Kennedy-Wilson from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.51.

The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 16.91 and a beta of 1.13. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50 day moving average price of $21.26 and a 200-day moving average price of $21.17.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Kennedy-Wilson had a return on equity of 13.49% and a net margin of 13.61%. The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $160.05 million. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 34.0% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Friday, September 27th.

In other news, General Counsel Kent Y. Mouton sold 30,000 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.56, for a total value of $616,800.00. Following the completion of the sale, the general counsel now directly owns 474,956 shares of the company’s stock, valued at $9,765,095.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of KW. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kennedy-Wilson by 5.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,344 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 1,704 shares in the last quarter. Comerica Bank bought a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $200,000. Russell Investments Group Ltd. grew its holdings in shares of Kennedy-Wilson by 8.2% in the second quarter. Russell Investments Group Ltd. now owns 710,882 shares of the financial services provider’s stock valued at $14,619,000 after acquiring an additional 53,906 shares in the last quarter. HCR Wealth Advisors grew its holdings in shares of Kennedy-Wilson by 8.5% in the first quarter. HCR Wealth Advisors now owns 16,449 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 1,284 shares in the last quarter. Finally, Ibex Wealth Advisors grew its holdings in shares of Kennedy-Wilson by 9.5% in the second quarter. Ibex Wealth Advisors now owns 112,570 shares of the financial services provider’s stock valued at $2,315,000 after acquiring an additional 9,737 shares in the last quarter. 81.31% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Company Profile (NYSE:KW)

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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