Cerity Partners LLC Acquires New Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Cerity Partners LLC acquired a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,861 shares of the financial services provider’s stock, valued at approximately $357,000.

A number of other large investors have also added to or reduced their stakes in the business. Copeland Capital Management LLC raised its holdings in Kennedy-Wilson by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 2,888,778 shares of the financial services provider’s stock valued at $42,581,000 after buying an additional 16,919 shares during the last quarter. 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 buying an additional 66,623 shares during the last quarter. Northern Trust Corp raised its holdings in Kennedy-Wilson by 1.9% in the 3rd quarter. Northern Trust Corp now owns 1,584,047 shares of the financial services provider’s stock valued at $23,349,000 after buying an additional 29,772 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kennedy-Wilson by 5.9% in 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 last quarter. Finally, Beach Investment Counsel Inc. PA raised its holdings in Kennedy-Wilson by 0.8% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 1,481,130 shares of the financial services provider’s stock valued at $21,832,000 after buying an additional 11,125 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE:KW opened at $8.51 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of -3.46 and a beta of 1.06. The company has a 50 day simple moving average of $8.56 and a two-hundred day simple moving average of $10.70. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.00 and a current ratio of 1.00. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $17.43.

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

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.29%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio (DPR) is -39.02%.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of 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.