State of Alaska Department of Revenue Acquires 5,369 Shares of Kennedy-Wilson Holdings Inc. $KW

State of Alaska Department of Revenue boosted its position in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,848 shares of the financial services provider’s stock after purchasing an additional 5,369 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Kennedy-Wilson worth $481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Kennedy-Wilson by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kennedy-Wilson by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 2,952 shares during the period. Sprott Inc. raised its holdings in Kennedy-Wilson by 0.4% during the 1st quarter. Sprott Inc. now owns 861,660 shares of the financial services provider’s stock valued at $7,479,000 after acquiring an additional 3,077 shares during the period. New York State Teachers Retirement System raised its holdings in Kennedy-Wilson by 12.3% during the 1st quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 3,300 shares during the period. Finally, Legacy Capital Group California Inc. raised its holdings in Kennedy-Wilson by 18.0% during the 1st quarter. Legacy Capital Group California Inc. now owns 22,979 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 3,513 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KW. Weiss Ratings reissued a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Wednesday. Wall Street Zen raised shares of Kennedy-Wilson from a “sell” rating to a “buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kennedy-Wilson has an average rating of “Reduce” and a consensus price target of $9.00.

Kennedy-Wilson Stock Down 1.4%

Shares of NYSE:KW opened at $7.73 on Thursday. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The firm has a fifty day moving average of $8.29 and a 200 day moving average of $7.43. The firm has a market capitalization of $1.07 billion, a PE ratio of -11.54, a price-to-earnings-growth ratio of 2.49 and a beta of 1.18. 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 announced its earnings results 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 company had revenue of $135.70 million during the quarter, compared to analyst estimates of $229.98 million. As a group, research analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business 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 $0.12 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.48 annualized dividend and a yield of 6.2%. Kennedy-Wilson’s payout ratio is -71.64%.

Kennedy-Wilson Company 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.