Real Estate Management Services LLC Raises Position in Kennedy-Wilson Holdings Inc. (KW)
Real Estate Management Services LLC increased its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,377,300 shares of the company’s stock after buying an additional 205,500 shares during the period. Kennedy-Wilson Holdings comprises about 4.5% of Real Estate Management Services LLC’s investment portfolio, making the stock its 10th largest position. Real Estate Management Services LLC owned 1.21% of Kennedy-Wilson Holdings worth $26,114,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in Kennedy-Wilson Holdings by 3.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,371,180 shares of the company’s stock worth $51,929,000 after buying an additional 68,146 shares during the period. BlackRock Inc. boosted its position in Kennedy-Wilson Holdings by 161.0% in the first quarter. BlackRock Inc. now owns 6,827 shares of the company’s stock worth $150,000 after buying an additional 4,211 shares during the period. Virginia Retirement System purchased a new position in Kennedy-Wilson Holdings during the first quarter worth about $311,000. Skylands Capital LLC boosted its position in Kennedy-Wilson Holdings by 39.7% in the second quarter. Skylands Capital LLC now owns 549,800 shares of the company’s stock worth $10,424,000 after buying an additional 156,300 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in Kennedy-Wilson Holdings by 2.0% in the first quarter. TimesSquare Capital Management LLC now owns 2,860,371 shares of the company’s stock worth $62,642,000 after buying an additional 56,840 shares during the period. 79.33% of the stock is currently owned by institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) traded down 0.71% during trading on Monday, hitting $22.39. 334,723 shares of the stock traded hands. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 76.94 and a beta of 1.45. The firm has a 50-day moving average of $22.06 and a 200-day moving average of $21.01. Kennedy-Wilson Holdings Inc. has a 1-year low of $15.74 and a 1-year high of $26.44.
Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $175.90 million. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, equities analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.56 dividend on an annualized basis and a yield of 2.50%. Kennedy-Wilson Holdings’s dividend payout ratio is currently 186.67%.
Several research analysts recently weighed in on KW shares. BTIG Research restated a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research report on Tuesday, July 5th. Zacks Investment Research cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Tuesday, June 21st. Davy Research restated an “outperform” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Finally, Goodbody restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Kennedy-Wilson Holdings currently has an average rating of “Buy” and a consensus price target of $29.69.
Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
Receive News & Stock Ratings for Kennedy-Wilson Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennedy-Wilson Holdings Inc. and related stocks with our FREE daily email newsletter.