State Board of Administration of Florida Retirement System Boosts Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State Board of Administration of Florida Retirement System lifted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,523 shares of the financial services provider’s stock after buying an additional 2,619 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Kennedy-Wilson were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Royce & Associates LP lifted its stake in shares of Kennedy-Wilson by 12.9% in the third quarter. Royce & Associates LP now owns 5,874,001 shares of the financial services provider’s stock worth $90,812,000 after buying an additional 671,873 shares in the last quarter. State Street Corp increased its position in Kennedy-Wilson by 6.8% during the second quarter. State Street Corp now owns 4,965,137 shares of the financial services provider’s stock worth $95,139,000 after purchasing an additional 315,883 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Kennedy-Wilson by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,601,765 shares of the financial services provider’s stock worth $71,142,000 after purchasing an additional 286,617 shares during the last quarter. Elkhorn Partners Limited Partnership increased its position in Kennedy-Wilson by 2.1% during the third quarter. Elkhorn Partners Limited Partnership now owns 4,157,050 shares of the financial services provider’s stock worth $64,268,000 after purchasing an additional 84,550 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Kennedy-Wilson by 12.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,871,164 shares of the financial services provider’s stock worth $70,027,000 after purchasing an additional 325,401 shares during the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Price Performance

Shares of KW opened at $14.39 on Wednesday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $13.97 and a 1-year high of $21.67. The stock has a market cap of $2.01 billion, a PE ratio of -159.89 and a beta of 1.17. The firm has a 50-day simple moving average of $16.18 and a two-hundred day simple moving average of $16.54. The company has a debt-to-equity ratio of 4.05, a current ratio of 0.91 and a quick ratio of 0.91.

Kennedy-Wilson (NYSE:KW – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $139.60 million during the quarter, compared to analysts’ expectations of $142.52 million. Kennedy-Wilson had a net margin of 2.34% and a return on equity of 10.65%. As a group, analysts forecast that Kennedy-Wilson Holdings, Inc. will post 0.54 EPS for the current year.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Friday, June 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend is Thursday, June 29th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -1,066.67%.

Analyst Ratings Changes

Several research firms recently issued reports on KW. StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. TheStreet cut shares of Kennedy-Wilson from a “b-” rating to a “c” rating in a research report on Thursday, May 4th.

Kennedy-Wilson Profile

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Kennedy-Wilson Holdings, Inc operates as a real estate investment company, which engages in the ownership, operation, development, and investment in real estate properties. It operates through the Consolidated Portfolio and Co-Investment Portfolio segments. The Consolidated Portfolio segment includes the investments that the company has made in real estate and real estate-related assets.