Arizona State Retirement System Sells 8,806 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Arizona State Retirement System lowered its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,127 shares of the financial services provider’s stock after selling 8,806 shares during the quarter. Arizona State Retirement System’s holdings in Kennedy-Wilson were worth $443,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of Kennedy-Wilson by 268.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,765 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,015 shares in the last quarter. FMR LLC raised its holdings in shares of Kennedy-Wilson by 34.8% in the 1st quarter. FMR LLC now owns 5,090 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,315 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Kennedy-Wilson by 18.0% in the 1st quarter. Signaturefd LLC now owns 6,859 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 1,047 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Kennedy-Wilson by 113.3% in the 1st quarter. Ellevest Inc. now owns 8,959 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 4,759 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of Kennedy-Wilson in the 2nd quarter valued at about $153,000. Institutional investors own 87.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KW. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Kennedy-Wilson from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday.

Kennedy-Wilson Stock Up 2.3 %

KW stock opened at $12.65 on Monday. The firm’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $15.60. The company has a market capitalization of $1.76 billion, a P/E ratio of -24.33 and a beta of 1.18. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.02 and a quick ratio of 1.02. Kennedy-Wilson Holdings, Inc. has a 12 month low of $11.91 and a 12 month high of $18.90.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -184.62%.

Kennedy-Wilson Company 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.