Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax Buys 41,000 Shares

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax purchased 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the transaction, the director now directly owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kennedy-Wilson Stock Down 0.1 %

KW stock opened at $8.62 on Thursday. The company has a 50 day moving average of $9.11 and a two-hundred day moving average of $10.26. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -3.34, a PEG ratio of 0.54 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $11.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.57%. Kennedy-Wilson’s payout ratio is -85.71%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,248 shares in the last quarter. KBC Group NV increased its holdings in Kennedy-Wilson by 53.1% in the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,693 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock worth $58,000 after buying an additional 3,755 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Kennedy-Wilson during the third quarter valued at approximately $116,000. Finally, Cibc World Markets Corp acquired a new stake in Kennedy-Wilson in the fourth quarter valued at approximately $106,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

About Kennedy-Wilson

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.