IFM Investors Pty Ltd Decreases Stock Holdings in Kennedy-Wilson Holdings Inc. $KW

IFM Investors Pty Ltd reduced its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 13.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,841 shares of the financial services provider’s stock after selling 3,531 shares during the quarter. IFM Investors Pty Ltd’s holdings in Kennedy-Wilson were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KW. Dynamic Technology Lab Private Ltd bought a new stake in Kennedy-Wilson during the 1st quarter valued at $92,000. Sherbrooke Park Advisers LLC bought a new stake in Kennedy-Wilson during the 4th quarter valued at $114,000. Versor Investments LP bought a new position in Kennedy-Wilson during the 1st quarter valued at approximately $115,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kennedy-Wilson during the 1st quarter valued at approximately $131,000. Finally, Teacher Retirement System of Texas bought a new position in Kennedy-Wilson during the 1st quarter valued at approximately $139,000. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.00.

Kennedy-Wilson Trading Down 1.3%

KW opened at $8.98 on Friday. The business has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $7.52. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -13.40, a PEG ratio of 2.89 and a beta of 1.16. 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 Holdings Inc. has a one year low of $5.98 and a one year high of $11.88.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, topping 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 the consensus estimate of $229.98 million. Analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.3%. Kennedy-Wilson’s dividend payout ratio is currently -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.