Rhumbline Advisers Lowers Position in Kennedy-Wilson Holdings Inc. $KW

Rhumbline Advisers trimmed its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 330,546 shares of the financial services provider’s stock after selling 16,298 shares during the period. Rhumbline Advisers owned 0.24% of Kennedy-Wilson worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KW. Dynamic Technology Lab Private Ltd bought a new position in shares of Kennedy-Wilson in the first quarter worth $92,000. Sherbrooke Park Advisers LLC bought a new position in shares of Kennedy-Wilson in the fourth quarter worth $114,000. Versor Investments LP bought a new position in shares of Kennedy-Wilson in the first quarter worth $115,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kennedy-Wilson in the first quarter worth $131,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Kennedy-Wilson in the first quarter worth $139,000. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Stock Down 0.9%

Shares of NYSE KW opened at $8.75 on Wednesday. The firm’s 50-day moving average price is $8.02 and its 200-day moving average price is $7.51. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -13.06, a P/E/G ratio of 2.80 and a beta of 1.16. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $11.88.

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

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.5%. Kennedy-Wilson’s payout ratio is currently -71.64%.

Analysts Set New Price Targets

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

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.