Rock Point Advisors LLC Sells 67,727 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rock Point Advisors LLC reduced its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,110,445 shares of the financial services provider’s stock after selling 67,727 shares during the quarter. Kennedy-Wilson comprises 3.2% of Rock Point Advisors LLC’s portfolio, making the stock its 7th biggest position. Rock Point Advisors LLC owned 0.81% of Kennedy-Wilson worth $10,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elkhorn Partners Limited Partnership grew its stake in Kennedy-Wilson by 2.9% in the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock valued at $37,226,000 after acquiring an additional 121,223 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kennedy-Wilson by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock valued at $19,902,000 after purchasing an additional 70,978 shares during the period. Bank of New York Mellon Corp increased its stake in Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock worth $13,004,000 after purchasing an additional 104,577 shares in the last quarter. Central Securities Corp raised its holdings in Kennedy-Wilson by 5.0% during the 4th quarter. Central Securities Corp now owns 1,050,000 shares of the financial services provider’s stock worth $12,999,000 after buying an additional 50,000 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Kennedy-Wilson by 31.1% in the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after buying an additional 205,890 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on KW. JPMorgan Chase & Co. raised their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd.

Kennedy-Wilson Stock Performance

Shares of KW opened at $11.46 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $16.63. The firm has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $9.65. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 0.66 and a beta of 1.11.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Kennedy-Wilson’s quarterly revenue was down 9.9% on a year-over-year basis. Research analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.19%. Kennedy-Wilson’s dividend payout ratio is presently -24.37%.

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.