Belpointe Asset Management LLC Decreases Position in Kennedy-Wilson Holdings Inc. $KW

Belpointe Asset Management LLC trimmed its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 52.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,792 shares of the financial services provider’s stock after selling 18,264 shares during the period. Belpointe Asset Management LLC’s holdings in Kennedy-Wilson were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of Kennedy-Wilson by 26.6% during the fourth quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider’s stock worth $1,500,000 after acquiring an additional 31,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kennedy-Wilson by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 2,054 shares in the last quarter. Millennium Management LLC increased its holdings in Kennedy-Wilson by 4.9% during the 4th quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider’s stock worth $8,417,000 after purchasing an additional 39,702 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Kennedy-Wilson by 75.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,241 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 10,838 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Kennedy-Wilson by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 34,357 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 10,547 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Stock Down 0.9%

Shares of Kennedy-Wilson stock opened at $8.75 on Wednesday. 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 1-year low of $5.98 and a 1-year high of $11.88. The business’s fifty day moving average price is $8.02 and its two-hundred day moving average price is $7.51. The company has a market capitalization of $1.21 billion, a P/E ratio of -13.06, a PEG ratio of 2.80 and a beta of 1.16.

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

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 30th. 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.