Short Interest in Kennedy-Wilson Holdings, Inc. (NYSE:KW) Grows By 26.2%

Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,830,000 shares, an increase of 26.2% from the March 15th total of 1,450,000 shares. Based on an average daily trading volume, of 513,500 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.6% of the shares of the company are sold short.

Shares of NYSE KW opened at $23.40 on Tuesday. The business has a fifty day simple moving average of $23.19 and a 200 day simple moving average of $23.01. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.49 and a beta of 1.12. Kennedy-Wilson has a one year low of $18.75 and a one year high of $25.30.

Kennedy-Wilson (NYSE:KWGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $0.57 earnings per share for the quarter. Kennedy-Wilson had a return on equity of 35.20% and a net margin of 73.39%. The firm had revenue of $131.40 million for the quarter, compared to analysts’ expectations of $133.11 million. During the same period in the prior year, the business posted $1.59 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. On average, research analysts anticipate that Kennedy-Wilson will post 1.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, March 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is 43.05%.

In other Kennedy-Wilson news, Director Richard Aidan Hugh Boucher purchased 24,000 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was bought at an average cost of $23.45 per share, for a total transaction of $562,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.10% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Bamco Inc. NY grew its position in Kennedy-Wilson by 64.2% in the third quarter. Bamco Inc. NY now owns 98,188 shares of the financial services provider’s stock valued at $2,054,000 after acquiring an additional 38,379 shares during the period. Van ECK Associates Corp grew its holdings in shares of Kennedy-Wilson by 65.2% during the fourth quarter. Van ECK Associates Corp now owns 9,248 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 3,649 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Kennedy-Wilson by 105.9% during the fourth quarter. Virginia Retirement Systems ET AL now owns 94,700 shares of the financial services provider’s stock worth $2,261,000 after purchasing an additional 48,700 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Kennedy-Wilson by 3.9% during the third quarter. Neuberger Berman Group LLC now owns 267,814 shares of the financial services provider’s stock worth $5,602,000 after purchasing an additional 10,076 shares during the last quarter. Finally, Riverwater Partners LLC bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth $211,000. Hedge funds and other institutional investors own 78.41% of the company’s stock.

A number of research analysts recently commented on KW shares. Zacks Investment Research upgraded Kennedy-Wilson from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, March 15th. StockNews.com started coverage on Kennedy-Wilson in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.00.

About Kennedy-Wilson (Get Rating)

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.

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