State Board of Administration of Florida Retirement System Has $1,347,000 Holdings in Kennedy-Wilson Holdings Inc. (KW)
State Board of Administration of Florida Retirement System continued to hold its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,732 shares of the financial services provider’s stock at the close of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.06% of Kennedy-Wilson Holdings worth $1,347,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in KW. BB&T Securities LLC grew its stake in shares of Kennedy-Wilson Holdings by 0.7% during the 1st quarter. BB&T Securities LLC now owns 57,236 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 392 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Kennedy-Wilson Holdings by 1.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 34,580 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 400 shares during the period. Legal & General Group Plc grew its stake in shares of Kennedy-Wilson Holdings by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 30,580 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 738 shares during the period. Old West Investment Management LLC grew its stake in shares of Kennedy-Wilson Holdings by 5.9% during the 1st quarter. Old West Investment Management LLC now owns 25,269 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 1,405 shares during the period. Finally, Swiss National Bank grew its stake in shares of Kennedy-Wilson Holdings by 1.1% during the 1st quarter. Swiss National Bank now owns 158,900 shares of the financial services provider’s stock worth $3,528,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 84.42% of the company’s stock.
A number of equities research analysts recently commented on KW shares. BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 15th. BidaskClub raised shares of Kennedy-Wilson Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.50.
Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 19.00 on Monday. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 100.53 and a beta of 1.37. Kennedy-Wilson Holdings Inc. has a 12-month low of $17.95 and a 12-month high of $23.77. The firm has a 50-day moving average of $19.36 and a 200-day moving average of $20.13.
Kennedy-Wilson Holdings (NYSE:KW) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.16. The firm had revenue of $177.80 million for the quarter, compared to analysts’ expectations of $178.55 million. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. Kennedy-Wilson Holdings’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 3.58%. Kennedy-Wilson Holdings’s dividend payout ratio is currently 377.80%.
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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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