Deutsche Bank AG Has $1.22 Million Holdings in Kennedy-Wilson Holdings Inc. $KW

Deutsche Bank AG cut its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,196 shares of the financial services provider’s stock after selling 9,956 shares during the quarter. Deutsche Bank AG owned about 0.08% of Kennedy-Wilson worth $1,217,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KW. Sherbrooke Park Advisers LLC acquired a new position in shares of Kennedy-Wilson during the fourth quarter worth approximately $114,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kennedy-Wilson during the first quarter worth approximately $131,000. Teacher Retirement System of Texas acquired a new position in shares of Kennedy-Wilson during the first quarter worth approximately $139,000. XTX Topco Ltd acquired a new position in shares of Kennedy-Wilson during the fourth quarter worth approximately $151,000. Finally, Ethic Inc. acquired a new position in shares of Kennedy-Wilson during the fourth quarter worth approximately $188,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Kennedy-Wilson from a “sell” rating to a “buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW opened at $8.5050 on Friday. The business’s fifty day moving average price is $7.40 and its two-hundred day moving average price is $7.55. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -12.69, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%.The firm had revenue of $135.70 million for the quarter, compared to analysts’ expectations of $229.98 million. As a group, analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson’s dividend payout ratio is -71.64%.

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.