Kennedy-Wilson Holdings Inc. $KW Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 35.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,329 shares of the financial services provider’s stock after acquiring an additional 1,388 shares during the period. GAMMA Investing LLC’s holdings in Kennedy-Wilson were worth $36,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KW. Dynamic Technology Lab Private Ltd acquired a new position in Kennedy-Wilson during the first quarter worth $92,000. Versor Investments LP acquired a new position in Kennedy-Wilson during the first quarter worth $115,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kennedy-Wilson during the first quarter worth $131,000. Teacher Retirement System of Texas acquired a new position in Kennedy-Wilson during the first quarter worth $139,000. Finally, Strs Ohio acquired a new position in Kennedy-Wilson during the first quarter worth $186,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $8.38 on Monday. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $11.88. The stock has a market cap of $1.15 billion, a P/E ratio of -12.50, a PEG ratio of 2.66 and a beta of 1.18. The company has a 50-day moving average price of $8.28 and a 200 day moving average price of $7.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73.

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

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is -71.64%.

Analyst Upgrades and Downgrades

KW has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Kennedy-Wilson from a “sell” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kennedy-Wilson in a research report on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kennedy-Wilson currently has an average rating of “Reduce” and a consensus 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.