Rock Point Advisors LLC Has $8.61 Million Holdings in Kennedy-Wilson Holdings Inc. (KW)
Rock Point Advisors LLC increased its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 15.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 464,115 shares of the financial services provider’s stock after acquiring an additional 63,220 shares during the period. Kennedy-Wilson Holdings accounts for about 4.0% of Rock Point Advisors LLC’s holdings, making the stock its 7th largest position. Rock Point Advisors LLC owned about 406,334.27% of Kennedy-Wilson Holdings worth $8,609,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. acquired a new position in shares of Kennedy-Wilson Holdings during the 1st quarter valued at about $215,000. Amalgamated Bank grew its holdings in Kennedy-Wilson Holdings by 3.7% in the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after buying an additional 377 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Kennedy-Wilson Holdings by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after buying an additional 272 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Kennedy-Wilson Holdings by 528.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after buying an additional 9,282 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Kennedy-Wilson Holdings in the 2nd quarter valued at approximately $225,000. 85.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kennedy-Wilson Holdings Inc. (NYSE KW) traded down $0.07 during mid-day trading on Thursday, hitting $19.43. The company’s stock had a trading volume of 145,301 shares, compared to its average volume of 2,175,036. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 3.20. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.00. The company has a market cap of $2,215.83, a P/E ratio of 46.19 and a beta of 1.40.
Kennedy-Wilson Holdings (NYSE:KW) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson Holdings had a return on equity of 2.04% and a net margin of 1.94%. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same quarter last year, the company earned ($0.03) EPS. The company’s quarterly revenue was up 59.0% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be given a $0.19 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from Kennedy-Wilson Holdings’s previous quarterly dividend of $0.17. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is currently 523.12%.
A number of research firms have issued reports on KW. BidaskClub lowered Kennedy-Wilson Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a report on Tuesday, October 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $23.00 target price on shares of Kennedy-Wilson Holdings in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.33.
Kennedy-Wilson Holdings Company Profile
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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