Teacher Retirement System of Texas boosted its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 28.0% during the second quarter, Holdings Channel reports. The fund owned 13,543 shares of the company’s stock after buying an additional 2,966 shares during the period. Teacher Retirement System of Texas’ holdings in Kennedy-Wilson Holdings were worth $257,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted 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 worth $150,000 after buying an additional 4,211 shares during the period. Princeton Alpha Management LP bought a new position in shares of Kennedy-Wilson Holdings during the second quarter worth about $235,000. Ngam Advisors L.P. bought a new position in shares of Kennedy-Wilson Holdings during the second quarter worth about $237,000. Virginia Retirement System bought a new position in shares of Kennedy-Wilson Holdings during the first quarter worth about $311,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted 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 worth $458,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 79.34% of the company’s stock.
Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 20.38 on Tuesday. The firm has a 50-day moving average price of $22.04 and a 200-day moving average price of $21.03. Kennedy-Wilson Holdings Inc. has a 1-year low of $15.74 and a 1-year high of $26.44. The company has a market capitalization of $2.29 billion, a P/E ratio of 70.03 and a beta of 1.45.
Kennedy-Wilson Holdings (NYSE:KW) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Kennedy-Wilson Holdings had a return on equity of 3.65% and a net margin of 5.15%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $175.90 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue was up 25.6% on a year-over-year basis. On average, analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.29) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 30th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 2.75%. Kennedy-Wilson Holdings’s payout ratio is 186.67%.
A number of brokerages have issued reports on KW. B. Riley restated a “buy” rating and set a $31.75 target price on shares of Kennedy-Wilson Holdings in a report on Sunday, August 14th. Goodbody reaffirmed a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Davy Research reaffirmed an “outperform” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Finally, Zacks Investment Research lowered Kennedy-Wilson Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.69.
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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