ProShare Advisors LLC Acquires 205,890 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

ProShare Advisors LLC increased its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 31.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 868,068 shares of the financial services provider’s stock after buying an additional 205,890 shares during the period. ProShare Advisors LLC owned about 0.63% of Kennedy-Wilson worth $7,448,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ausdal Financial Partners Inc. grew its stake in shares of Kennedy-Wilson by 18.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 32,800 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 5,000 shares during the period. SG Americas Securities LLC lifted its position in shares of Kennedy-Wilson by 66.5% during the fourth quarter. SG Americas Securities LLC now owns 48,673 shares of the financial services provider’s stock worth $603,000 after acquiring an additional 19,441 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Kennedy-Wilson by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 161,681 shares of the financial services provider’s stock worth $2,002,000 after acquiring an additional 5,055 shares during the period. LDR Capital Management LLC raised its stake in shares of Kennedy-Wilson by 23.2% during the 4th quarter. LDR Capital Management LLC now owns 301,259 shares of the financial services provider’s stock valued at $3,730,000 after purchasing an additional 56,785 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Kennedy-Wilson by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,880 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 2,349 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

NYSE:KW opened at $10.76 on Thursday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -5.46 and a beta of 1.10. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average of $10.00 and a 200 day moving average of $9.66. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $17.36.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.92. The company had revenue of $136.40 million for the quarter. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. On average, research analysts expect that Kennedy-Wilson Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, June 28th. Kennedy-Wilson’s payout ratio is -24.37%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.