Y Intercept Hong Kong Ltd Buys Shares of 319,237 Kennedy-Wilson Holdings Inc. $KW

Y Intercept Hong Kong Ltd acquired a new position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 319,237 shares of the financial services provider’s stock, valued at approximately $3,454,000.

A number of other institutional investors have also bought and sold shares of the company. Vision Capital Corp acquired a new stake in Kennedy-Wilson during the 4th quarter worth about $12,661,000. Alberta Investment Management Corp grew its holdings in Kennedy-Wilson by 44.1% in the fourth quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider’s stock worth $39,650,000 after purchasing an additional 1,255,245 shares during the period. M&T Bank Corp acquired a new position in Kennedy-Wilson during the 4th quarter worth approximately $8,961,000. UBS Group AG lifted its position in Kennedy-Wilson by 133.8% in the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock valued at $11,570,000 after acquiring an additional 795,844 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Kennedy-Wilson during the fourth quarter worth about $7,099,000. Institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kennedy-Wilson in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $11.00.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW remained flat at $10.92 on Tuesday. The company has a market capitalization of $1.52 billion, a PE ratio of 99.28 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $10.96 and a two-hundred day moving average price of $10.59. Kennedy-Wilson Holdings Inc. has a 1 year low of $6.48 and a 1 year high of $11.09.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.25. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. Kennedy-Wilson’s dividend payout ratio is presently 436.36%.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.