Louisiana State Employees Retirement System Acquires New Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Louisiana State Employees Retirement System acquired a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,300 shares of the financial services provider’s stock, valued at approximately $734,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KW. UBS Group AG grew its position in Kennedy-Wilson by 46,174.6% during the third quarter. UBS Group AG now owns 236,926 shares of the financial services provider’s stock valued at $3,492,000 after purchasing an additional 236,414 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its position in Kennedy-Wilson by 62.4% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 442,882 shares of the financial services provider’s stock valued at $6,528,000 after purchasing an additional 170,208 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Kennedy-Wilson by 37.7% during the third quarter. Envestnet Asset Management Inc. now owns 322,358 shares of the financial services provider’s stock valued at $4,752,000 after purchasing an additional 88,263 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kennedy-Wilson by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock valued at $22,650,000 after purchasing an additional 85,481 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Kennedy-Wilson in the third quarter worth approximately $996,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Performance

KW stock opened at $8.50 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.46 and a beta of 1.06. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $17.43. The firm has a 50 day moving average of $8.56 and a two-hundred day moving average of $10.68.

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

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.29%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio is currently -39.02%.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Company 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.