IndexIQ Advisors LLC lowered its stake in Kennedy-Wilson Holdings Inc (NYSE:KW) by 10.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,556 shares of the financial services provider’s stock after selling 11,296 shares during the period. IndexIQ Advisors LLC owned 0.07% of Kennedy-Wilson worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pensionfund DSM Netherlands grew its stake in shares of Kennedy-Wilson by 49.9% in the 4th quarter. Pensionfund DSM Netherlands now owns 60,081 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 20,000 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Kennedy-Wilson by 15.9% in the 3rd quarter. Bank of Montreal Can now owns 29,172 shares of the financial services provider’s stock worth $626,000 after buying an additional 3,995 shares during the last quarter. CI Investments Inc. grew its stake in shares of Kennedy-Wilson by 0.3% in the 3rd quarter. CI Investments Inc. now owns 1,571,254 shares of the financial services provider’s stock worth $33,782,000 after buying an additional 5,380 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter worth approximately $2,280,000. Finally, Vanguard Group Inc grew its stake in shares of Kennedy-Wilson by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 18,881,430 shares of the financial services provider’s stock worth $405,950,000 after buying an additional 952,788 shares during the last quarter. Institutional investors own 83.62% of the company’s stock.
Several analysts recently weighed in on KW shares. JPMorgan Chase & Co. started coverage on Kennedy-Wilson in a research note on Wednesday, December 19th. They issued an “overweight” rating and a $25.00 price target on the stock. TheStreet downgraded Kennedy-Wilson from a “b-” rating to a “c” rating in a research note on Thursday, November 1st. Finally, BTIG Research set a $33.00 target price on Kennedy-Wilson and gave the company a “buy” rating in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.75.
Shares of KW opened at $20.86 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.75. Kennedy-Wilson Holdings Inc has a 12 month low of $15.95 and a 12 month high of $22.27. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 46.36 and a beta of 1.35.
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Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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