Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Update

Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,990,000 shares, a decline of 5.9% from the March 15th total of 8,490,000 shares. Based on an average daily volume of 1,380,000 shares, the short-interest ratio is presently 5.8 days. Approximately 6.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Kennedy-Wilson by 2.9% in the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after acquiring an additional 66,623 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Kennedy-Wilson by 10.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock valued at $56,200,000 after buying an additional 421,365 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kennedy-Wilson by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock valued at $22,650,000 after buying an additional 85,481 shares during the period. Barclays PLC grew its stake in shares of Kennedy-Wilson by 58.1% during the 3rd quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock valued at $2,409,000 after buying an additional 60,074 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of Kennedy-Wilson during the 3rd quarter valued at $269,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Trading Up 1.5 %

Shares of Kennedy-Wilson stock opened at $8.21 on Thursday. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.00 and a quick ratio of 1.00. Kennedy-Wilson has a 1 year low of $7.85 and a 1 year high of $17.43. The company has a market capitalization of $1.14 billion, a P/E ratio of -3.34 and a beta of 1.06. The business has a 50 day moving average price of $8.78 and a 200 day moving average price of $10.95.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($1.44). The business had revenue of $140.10 million during the quarter. Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. Sell-side analysts anticipate that Kennedy-Wilson will post -1.36 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.69%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -39.02%.

About Kennedy-Wilson

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.