Diversified Trust Co raised its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,243 shares of the company’s stock after buying an additional 1,223 shares during the period. Diversified Trust Co’s holdings in Kennedy-Wilson Holdings were worth $592,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of Kennedy-Wilson Holdings during the first quarter valued at $120,000. BlackRock Inc. increased its position in shares of Kennedy-Wilson Holdings by 161.0% in the first quarter. BlackRock Inc. now owns 6,827 shares of the company’s stock valued at $150,000 after buying an additional 4,211 shares during the period. Virginia Retirement System bought a new position in shares of Kennedy-Wilson Holdings during the first quarter valued at approximately $311,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Kennedy-Wilson Holdings by 3.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,905 shares of the company’s stock valued at $458,000 after buying an additional 650 shares during the period. Finally, Benchmark Capital Advisors increased its position in shares of Kennedy-Wilson Holdings by 40.0% in the first quarter. Benchmark Capital Advisors now owns 35,000 shares of the company’s stock valued at $766,000 after buying an additional 10,000 shares during the period. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) traded down 0.75% during midday trading on Tuesday, hitting $22.52. 397,091 shares of the stock traded hands. The firm’s 50 day moving average price is $21.96 and its 200 day moving average price is $20.98. The company has a market capitalization of $2.53 billion, a PE ratio of 77.39 and a beta of 1.43. Kennedy-Wilson Holdings Inc. has a 12-month low of $15.74 and a 12-month high of $26.44.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $175.90 million. Kennedy-Wilson Holdings had a return on equity of 3.65% and a net margin of 5.15%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Analysts expect that Kennedy-Wilson Holdings Inc. will post ($0.29) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio is currently 186.67%.
KW has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and set a $31.75 price target on shares of Kennedy-Wilson Holdings in a report on Sunday, August 14th. Goodbody reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Zacks Investment Research upgraded Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, July 13th. BTIG Research reiterated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Tuesday, July 5th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.69.
About Kennedy-Wilson Holdings
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.
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