GSA Capital Partners LLP purchased a new position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,098 shares of the financial services provider’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $129,000. Prudential Financial Inc. increased its position in shares of Kennedy-Wilson by 3.9% during the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 380 shares during the period. Amalgamated Bank increased its position in shares of Kennedy-Wilson by 3.7% during the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 377 shares during the period. Principal Financial Group Inc. increased its position in shares of Kennedy-Wilson by 2.5% during the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 272 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Kennedy-Wilson by 528.9% during the second quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 9,282 shares during the period. Institutional investors and hedge funds own 66.61% of the company’s stock.
Shares of Kennedy-Wilson Holdings Inc (KW) opened at $17.65 on Friday. Kennedy-Wilson Holdings Inc has a 1 year low of $17.15 and a 1 year high of $22.65. The firm has a market capitalization of $2,670.00, a price-to-earnings ratio of 135.77 and a beta of 1.38. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.31%. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio is 584.62%.
A number of analysts have recently issued reports on KW shares. ValuEngine cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, BTIG Research reiterated a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Kennedy-Wilson currently has an average rating of “Hold” and a consensus target price of $28.33.
In related news, Director Stanley R. Zax purchased 50,000 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the transaction, the director now directly owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.07% of the company’s stock.
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Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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