Everence Capital Management Inc. Grows Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Everence Capital Management Inc. increased its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 43.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,250 shares of the financial services provider’s stock after acquiring an additional 9,420 shares during the period. Everence Capital Management Inc.’s holdings in Kennedy-Wilson were worth $387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Kennedy-Wilson by 268.7% during the first quarter. Tower Research Capital LLC TRC now owns 2,765 shares of the financial services provider’s stock valued at $46,000 after buying an additional 2,015 shares during the period. NBC Securities Inc. purchased a new position in shares of Kennedy-Wilson during the third quarter valued at approximately $52,000. FMR LLC boosted its position in shares of Kennedy-Wilson by 34.8% during the first quarter. FMR LLC now owns 5,090 shares of the financial services provider’s stock valued at $84,000 after buying an additional 1,315 shares during the period. Choate Investment Advisors purchased a new position in shares of Kennedy-Wilson during the third quarter valued at approximately $164,000. Finally, Cerity Partners LLC purchased a new position in shares of Kennedy-Wilson during the fourth quarter valued at approximately $168,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

Kennedy-Wilson Trading Up 2.0 %

Kennedy-Wilson stock opened at $8.38 on Friday. The company has a 50 day moving average price of $8.75 and a 200-day moving average price of $10.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $17.43.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($1.44). Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. The company had revenue of $140.10 million for the quarter. On average, equities research analysts forecast that Kennedy-Wilson Holdings, Inc. will post -1.36 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.46%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio is presently -39.02%.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.