Delta Investment Management LLC Boosts Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Delta Investment Management LLC raised its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,071 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Delta Investment Management LLC’s holdings in Kennedy-Wilson were worth $253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KW. GAMMA Investing LLC increased its stake in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after buying an additional 2,029 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Kennedy-Wilson by 68.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,346 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Kennedy-Wilson by 298.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 4,320 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Kennedy-Wilson during the 1st quarter worth approximately $73,000. Finally, BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Kennedy-Wilson during the 1st quarter worth approximately $91,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Up 0.4 %

KW opened at $11.10 on Friday. The company has a 50 day moving average of $10.72 and a 200 day moving average of $9.79. The company has a market cap of $1.53 billion, a PE ratio of -5.63, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $15.09. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The company had revenue of $132.00 million during the quarter, compared to the consensus estimate of $100.66 million. During the same period last year, the firm earned $0.28 EPS. Kennedy-Wilson’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, sell-side analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.32%. The ex-dividend date is Monday, September 30th. Kennedy-Wilson’s payout ratio is -24.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KW shares. JPMorgan Chase & Co. raised their price target on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

Kennedy-Wilson 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.