CenterBook Partners LP Acquires 150,065 Shares of Kennedy-Wilson Holdings Inc. $KW

CenterBook Partners LP raised its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 232.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,629 shares of the financial services provider’s stock after purchasing an additional 150,065 shares during the period. CenterBook Partners LP’s holdings in Kennedy-Wilson were worth $2,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in shares of Kennedy-Wilson by 19.5% in the first quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider’s stock valued at $207,000 after buying an additional 3,899 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kennedy-Wilson by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock valued at $587,000 after acquiring an additional 2,952 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Kennedy-Wilson during the 1st quarter valued at approximately $92,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kennedy-Wilson by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 879,644 shares of the financial services provider’s stock valued at $7,635,000 after purchasing an additional 30,176 shares during the period. Finally, Jane Street Group LLC raised its holdings in Kennedy-Wilson by 756.4% during the 1st quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider’s stock worth $1,819,000 after purchasing an additional 185,083 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kennedy-Wilson in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Stock Up 0.2%

Shares of Kennedy-Wilson stock opened at $11.03 on Wednesday. The stock’s 50-day moving average is $10.95 and its 200 day moving average is $10.43. Kennedy-Wilson Holdings Inc. has a one year low of $6.48 and a one year high of $11.09. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 100.24 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.25. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.The business had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s payout ratio is presently 436.36%.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.