Illinois Municipal Retirement Fund Sells 1,513 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Illinois Municipal Retirement Fund lowered its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,030 shares of the financial services provider’s stock after selling 1,513 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Kennedy-Wilson were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KW. SG Americas Securities LLC lifted its position in Kennedy-Wilson by 265.9% during the 3rd quarter. SG Americas Securities LLC now owns 29,232 shares of the financial services provider’s stock worth $431,000 after buying an additional 21,244 shares in the last quarter. Raymond James & Associates lifted its position in shares of Kennedy-Wilson by 9.2% during the third quarter. Raymond James & Associates now owns 53,697 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 4,505 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Kennedy-Wilson by 4.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 156,626 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 7,015 shares during the last quarter. Beach Investment Counsel Inc. PA increased its holdings in shares of Kennedy-Wilson by 0.8% in the third 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 purchasing an additional 11,125 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Kennedy-Wilson by 7.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 612,470 shares of the financial services provider’s stock worth $9,028,000 after purchasing an additional 42,225 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Trading Up 1.6 %

Shares of NYSE KW opened at $8.64 on Tuesday. Kennedy-Wilson Holdings, Inc. has a 1 year low of $7.85 and a 1 year high of $17.43. The firm’s 50-day moving average is $8.53 and its 200-day moving average is $10.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities analysts expect that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.11%. Kennedy-Wilson’s dividend payout ratio is presently -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.

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.