Kennedy-Wilson Holdings Inc. $KW Holdings Trimmed by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,399 shares of the financial services provider’s stock after selling 3,442 shares during the period. IFM Investors Pty Ltd’s holdings in Kennedy-Wilson were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its stake in Kennedy-Wilson by 12.3% in the 1st quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 3,300 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Kennedy-Wilson by 495.9% in the 1st quarter. GAMMA Investing LLC now owns 34,208 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 28,467 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Kennedy-Wilson by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 588,232 shares of the financial services provider’s stock valued at $5,106,000 after purchasing an additional 15,379 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Kennedy-Wilson by 233.1% in the 1st quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 98,848 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Kennedy-Wilson in the 1st quarter valued at about $139,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 1.6%

Shares of NYSE KW opened at $8.61 on Wednesday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -12.84, a PEG ratio of 2.69 and a beta of 1.16. The business has a 50 day simple moving average of $8.14 and a 200 day simple moving average of $7.47. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $11.88. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $135.70 million during the quarter, compared to analysts’ expectations 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, research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

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

Analyst Ratings Changes

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock 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.