MQS Management LLC Makes New $156,000 Investment in Kennedy-Wilson Holdings Inc. $KW

MQS Management LLC bought a new position in Kennedy-Wilson Holdings Inc. (NYSE:KW) in the second quarter, Holdings Channel.com reports. The institutional investor bought 22,911 shares of the financial services provider’s stock, valued at approximately $156,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Kennedy-Wilson by 35.2% in the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,388 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Kennedy-Wilson in the first quarter worth about $92,000. Versor Investments LP purchased a new stake in shares of Kennedy-Wilson during the first quarter worth about $115,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kennedy-Wilson during the first quarter worth about $131,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Kennedy-Wilson during the first quarter worth about $139,000. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KW. Weiss Ratings restated a “sell (d+)” rating on shares of Kennedy-Wilson in a research note on Wednesday, October 8th. Wall Street Zen upgraded Kennedy-Wilson from a “sell” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $9.00.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $7.89 on Wednesday. The business’s 50 day moving average price is $8.33 and its 200 day moving average price is $7.41. The firm has a market cap of $1.09 billion, a P/E ratio of -11.77, a P/E/G ratio of 2.53 and a beta of 1.18. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $11.88. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $135.70 million for the quarter, compared to analyst estimates of $229.98 million. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%. On average, sell-side analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were given a $0.12 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 6.1%. Kennedy-Wilson’s dividend payout ratio is currently -71.64%.

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.