New York State Teachers Retirement System Increases Stock Holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW)

New York State Teachers Retirement System grew its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,100 shares of the financial services provider’s stock after purchasing an additional 3,300 shares during the quarter. New York State Teachers Retirement System’s holdings in Kennedy-Wilson were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Sterling Capital Management LLC grew its holdings in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 3,248 shares during the period. Cibc World Markets Corp bought a new position in shares of Kennedy-Wilson during the fourth quarter worth $106,000. Sherbrooke Park Advisers LLC bought a new position in shares of Kennedy-Wilson during the 4th quarter valued at approximately $114,000. Fox Run Management L.L.C. bought a new stake in shares of Kennedy-Wilson in the 4th quarter valued at approximately $134,000. Finally, XTX Topco Ltd purchased a new position in shares of Kennedy-Wilson during the fourth quarter valued at approximately $151,000. Institutional investors own 87.72% of the company’s stock.

Insider Activity

In related news, CEO William J. Mcmorrow purchased 200,000 shares of Kennedy-Wilson stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,049,517 shares of the company’s stock, valued at $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.30% of the company’s stock.

Kennedy-Wilson Trading Up 4.3%

Shares of KW opened at $7.78 on Friday. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -7.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.07. The firm has a 50 day simple moving average of $6.65 and a 200-day simple moving average of $7.93. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $128.30 million for the quarter, compared to analysts’ expectations of $227.14 million. Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. Equities analysts forecast that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.48 annualized dividend and a yield of 6.17%. Kennedy-Wilson’s payout ratio is -45.71%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, June 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.