State of New Jersey Common Pension Fund D Buys 9,144 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State of New Jersey Common Pension Fund D increased its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,798 shares of the financial services provider’s stock after buying an additional 9,144 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.14% of Kennedy-Wilson worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Kennedy-Wilson by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 1,995 shares during the period. abrdn plc grew its holdings in shares of Kennedy-Wilson by 89.5% during the 4th quarter. abrdn plc now owns 43,013 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 20,314 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Kennedy-Wilson by 47.1% during the 4th quarter. Jennison Associates LLC now owns 99,954 shares of the financial services provider’s stock worth $999,000 after acquiring an additional 31,990 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Kennedy-Wilson during the 4th quarter worth approximately $199,000. Finally, KBC Group NV lifted its position in shares of Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,748 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Trading Up 1.2 %

NYSE:KW opened at $9.00 on Tuesday. The company has a market cap of $1.24 billion, a PE ratio of -3.49, a PEG ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $11.88. The firm has a 50-day moving average of $9.39 and a 200-day moving average of $10.43.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KW. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a report on Monday. They set a “hold” rating and a $9.00 price objective on the stock. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.