Crispr Therapeutics shares tumble after significant earnings miss
Kennedy-Wilson Holdings Inc (NYSE:KW) stock has touched a 52-week low, reaching a price level of $6.28, signaling a period of significant bearish momentum for the real estate investment company. InvestingPro analysis indicates the stock is in oversold territory, while management has been actively buying back shares. The company maintains a notable 7.48% dividend yield. This latest price point reflects a stark contrast to the firm’s performance over the past year, with Kennedy-Wilson experiencing a substantial decline, including a steep -39.76% drop over the past six months. Investors are closely monitoring the stock as it navigates through the current market conditions, which have led to this new low. The company’s ability to rebound from this point will be watched with keen interest, particularly as analysts set price targets ranging from $9 to $13. For deeper insights into KW’s valuation and 12+ additional ProTips, visit InvestingPro.
In other recent news, Kennedy-Wilson Holdings, Inc. reported strong financial results for the fourth quarter of 2024, exceeding earnings expectations. The company posted a GAAP earnings per share of $0.24, significantly surpassing the forecast of -$0.51, while revenue reached $135.5 million, outperforming the anticipated $100.74 million. Additionally, Kennedy-Wilson completed a $510 million refinancing deal for five multifamily properties in Dublin, Ireland. This refinancing replaces a previous $537 million mortgage and is part of the company’s strategy to manage its debt profile amid fluctuating interest rates. The company also announced a reduction of unsecured debt by $262 million during the quarter. Furthermore, Kennedy-Wilson’s investment management revenue grew by 83% year-over-year, highlighting the company’s operational efficiency. The firm aims to continue expanding its investment management fees by 20-25% annually, according to company executives. Lastly, Kennedy-Wilson plans to target $400 million in asset sales and recycling in 2025, with a focus on deploying more equity in strategic markets such as the US, UK, and Ireland.
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