Raymond James Financial Services Advisors Inc. lifted its stake in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,669 shares of the financial services provider’s stock after acquiring an additional 2,935 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.12% of Kennedy-Wilson worth $2,461,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of KW. Schwab Charles Investment Management Inc. lifted its position in Kennedy-Wilson by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 355,245 shares of the financial services provider’s stock worth $7,887,000 after buying an additional 19,776 shares during the period. State Street Corp lifted its position in Kennedy-Wilson by 3.2% during the first quarter. State Street Corp now owns 1,517,188 shares of the financial services provider’s stock worth $33,683,000 after buying an additional 46,539 shares during the period. Russell Investments Group Ltd. lifted its position in Kennedy-Wilson by 116.3% during the second quarter. Russell Investments Group Ltd. now owns 378,727 shares of the financial services provider’s stock worth $7,213,000 after buying an additional 203,672 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Kennedy-Wilson during the second quarter worth about $405,000. Finally, Alpine Woods Capital Investors LLC lifted its position in Kennedy-Wilson by 13.5% during the second quarter. Alpine Woods Capital Investors LLC now owns 25,285 shares of the financial services provider’s stock worth $482,000 after buying an additional 3,000 shares during the period. 64.21% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. Deutsche Bank AG reiterated a “hold” rating and set a $23.00 target price on shares of Kennedy-Wilson in a research report on Monday, October 30th. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Finally, BidaskClub downgraded Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.33.
Kennedy-Wilson Holdings Inc (NYSE:KW) opened at $19.40 on Friday. Kennedy-Wilson Holdings Inc has a 12-month low of $17.95 and a 12-month high of $23.00. The firm has a market capitalization of $2,938.01, a PE ratio of 46.19, a P/E/G ratio of 6.93 and a beta of 1.40. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.
Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The company’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS. analysts predict that Kennedy-Wilson Holdings Inc will post 0.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is 523.12%.
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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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