Karp Capital Management Corp Takes Position in Kennedy-Wilson Holdings Inc. (NYSE:KW)
Karp Capital Management Corp acquired a new stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,243 shares of the financial services provider’s stock, valued at approximately $227,000.
Several other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Kennedy-Wilson Holdings during the fourth quarter worth $19,814,000. Dimensional Fund Advisors LP increased its position in Kennedy-Wilson Holdings by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,994 shares of the financial services provider’s stock worth $42,742,000 after buying an additional 237,370 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Kennedy-Wilson Holdings during the fourth quarter worth approximately $3,639,000. Real Estate Management Services LLC increased its position in shares of Kennedy-Wilson Holdings by 4.7% in the first quarter. Real Estate Management Services LLC now owns 1,347,522 shares of the financial services provider’s stock worth $29,915,000 after buying an additional 60,240 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its position in shares of Kennedy-Wilson Holdings by 3.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,267,251 shares of the financial services provider’s stock worth $28,133,000 after buying an additional 42,949 shares during the period. 82.03% of the stock is owned by institutional investors.
Kennedy-Wilson Holdings Inc. (KW) traded up 0.50% during mid-day trading on Thursday, hitting $20.00. 444,469 shares of the stock were exchanged. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.77. The stock’s 50-day moving average is $19.19 and its 200 day moving average is $20.47. The company has a market capitalization of $2.28 billion, a PE ratio of 250.00 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 3.40%. Kennedy-Wilson Holdings’s dividend payout ratio is presently 755.64%.
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A number of research analysts have recently commented on KW shares. Deutsche Bank AG decreased their price objective on shares of Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. JMP Securities downgraded shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. Finally, BidaskClub downgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.50.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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