Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax Buys 41,000 Shares

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax bought 41,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the purchase, the director now owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. This represents a 8.10 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kennedy-Wilson Stock Performance

NYSE:KW opened at $8.83 on Friday. The stock has a market cap of $1.22 billion, a P/E ratio of -3.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock’s 50-day moving average is $9.10 and its 200-day moving average is $10.23. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $11.88.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -85.71%.

Institutional Trading of Kennedy-Wilson

Several institutional investors have recently added to or reduced their stakes in KW. Alberta Investment Management Corp boosted its holdings in Kennedy-Wilson by 17.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock valued at $26,477,000 after acquiring an additional 395,000 shares during the last quarter. Royce & Associates LP boosted its holdings in Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock valued at $92,903,000 after acquiring an additional 325,737 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Kennedy-Wilson in the fourth quarter valued at approximately $2,801,000. Northern Trust Corp boosted its holdings in Kennedy-Wilson by 18.2% in the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider’s stock valued at $15,704,000 after acquiring an additional 241,943 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Kennedy-Wilson by 183.5% in the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock valued at $3,274,000 after acquiring an additional 191,790 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 target price for the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

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.