Louisiana State Employees Retirement System Invests $576,000 in Kennedy-Wilson Holdings Inc. $KW

Louisiana State Employees Retirement System bought a new stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 53,200 shares of the financial services provider’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Capital Corp acquired a new position in Kennedy-Wilson during the fourth quarter worth $12,661,000. Alberta Investment Management Corp raised its holdings in shares of Kennedy-Wilson by 44.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider’s stock valued at $39,650,000 after buying an additional 1,255,245 shares during the period. M&T Bank Corp purchased a new stake in shares of Kennedy-Wilson in the 4th quarter valued at $8,961,000. UBS Group AG lifted its stake in Kennedy-Wilson by 133.8% during the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock worth $11,570,000 after acquiring an additional 795,844 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Kennedy-Wilson during the 4th quarter worth about $7,099,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $10.92 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. Kennedy-Wilson Holdings Inc. has a 52-week low of $6.48 and a 52-week high of $11.09. The firm has a market cap of $1.52 billion, a PE ratio of 99.28 and a beta of 0.87. The company’s 50 day moving average is $10.97 and its two-hundred day moving average is $10.59.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The business had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s payout ratio is presently 436.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.