Kennedy-Wilson Holdings, Inc. (NYSE:KW) Stock Position Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,880 shares of the financial services provider’s stock after buying an additional 2,349 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kennedy-Wilson were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KW. State Board of Administration of Florida Retirement System raised its position in shares of Kennedy-Wilson by 3.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 35,319 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 1,325 shares during the period. abrdn plc raised its position in shares of Kennedy-Wilson by 10.9% during the third quarter. abrdn plc now owns 25,963 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 2,553 shares during the period. Old West Investment Management LLC raised its position in shares of Kennedy-Wilson by 0.6% during the third quarter. Old West Investment Management LLC now owns 448,665 shares of the financial services provider’s stock worth $6,613,000 after purchasing an additional 2,596 shares during the period. Rhumbline Advisers raised its position in shares of Kennedy-Wilson by 0.7% during the third quarter. Rhumbline Advisers now owns 380,708 shares of the financial services provider’s stock worth $5,612,000 after purchasing an additional 2,801 shares during the period. Finally, LDR Capital Management LLC raised its position in shares of Kennedy-Wilson by 1.3% during the third quarter. LDR Capital Management LLC now owns 244,474 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 3,236 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Down 0.4 %

Shares of Kennedy-Wilson stock opened at $8.46 on Friday. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $17.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.44 and a beta of 1.06. The stock’s fifty day moving average is $8.59 and its 200-day moving average is $10.74.

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 analysts’ consensus estimates of $0.03 by ($1.44). Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. The business had revenue of $140.10 million for the quarter. Equities analysts anticipate that Kennedy-Wilson Holdings, Inc. will post -1.36 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.35%. Kennedy-Wilson’s dividend payout ratio is -39.02%.

Analyst Ratings Changes

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

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.