Public Sector Pension Investment Board Sells 6,400 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Public Sector Pension Investment Board lowered its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 250,764 shares of the financial services provider’s stock after selling 6,400 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.18% of Kennedy-Wilson worth $2,771,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KW. Price T Rowe Associates Inc. MD increased its position in Kennedy-Wilson by 19.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock worth $711,000 after buying an additional 13,214 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Kennedy-Wilson by 229.3% in the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Kennedy-Wilson by 68.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,346 shares during the period. CWM LLC lifted its stake in shares of Kennedy-Wilson by 305.1% during the 2nd quarter. CWM LLC now owns 10,509 shares of the financial services provider’s stock valued at $102,000 after buying an additional 7,915 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Kennedy-Wilson by 5.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 51,382 shares of the financial services provider’s stock worth $499,000 after buying an additional 2,451 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock opened at $11.26 on Wednesday. The firm’s 50 day simple moving average is $11.06 and its 200 day simple moving average is $10.60. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $13.27. The firm has a market capitalization of $1.55 billion, a PE ratio of -4.36, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.26%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

Wall Street Analyst Weigh In

KW has been the topic of several recent research reports. StockNews.com downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. increased their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th.

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.