Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Update

Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 5,320,000 shares, a drop of 13.2% from the July 15th total of 6,130,000 shares. Based on an average daily volume of 817,900 shares, the short-interest ratio is currently 6.5 days. Approximately 4.6% of the shares of the stock are sold short.

Kennedy-Wilson Stock Performance

Shares of KW traded down $0.03 during trading hours on Friday, reaching $10.40. 534,603 shares of the company traded hands, compared to its average volume of 1,085,786. The stock has a market cap of $1.43 billion, a P/E ratio of -5.28 and a beta of 1.10. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s fifty day moving average is $10.09 and its 200 day moving average is $9.49. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $16.63.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.12. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The company had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $100.66 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. Equities research analysts anticipate that Kennedy-Wilson will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is -24.37%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP grew its holdings in shares of Kennedy-Wilson by 313.0% during the 4th quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,656 shares in the last quarter. Quadrant Capital Group LLC raised its position in Kennedy-Wilson by 131.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,259 shares during the last quarter. GAMMA Investing LLC grew its position in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,346 shares during the last quarter. Finally, Simplex Trading LLC purchased a new stake in shares of Kennedy-Wilson during the fourth quarter valued at approximately $34,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

KW has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.

Kennedy-Wilson Company Profile

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.