Rock Point Advisors LLC Has $12.24 Million Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rock Point Advisors LLC reduced its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,107,960 shares of the financial services provider’s stock after selling 2,485 shares during the quarter. Kennedy-Wilson makes up 3.3% of Rock Point Advisors LLC’s portfolio, making the stock its 7th largest holding. Rock Point Advisors LLC’s holdings in Kennedy-Wilson were worth $12,243,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KW. State Board of Administration of Florida Retirement System boosted its stake in shares of Kennedy-Wilson by 74.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,523 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 26,204 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Kennedy-Wilson by 6.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 141,932 shares of the financial services provider’s stock worth $1,217,000 after buying an additional 8,970 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kennedy-Wilson by 19.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock worth $711,000 after buying an additional 13,214 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Kennedy-Wilson by 6,378.2% in the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock valued at $1,477,000 after acquiring an additional 169,468 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 2,029 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Trading Up 0.4 %

NYSE KW traded up $0.05 on Tuesday, reaching $11.26. The company had a trading volume of 17,117 shares, compared to its average volume of 922,506. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 0.72 and a beta of 1.10. The stock’s 50 day moving average is $11.00 and its 200-day moving average is $10.55. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $13.27.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.26%. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -18.60%.

Wall Street Analyst Weigh In

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

Kennedy-Wilson 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.