Fmr LLC decreased its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,559,095 shares of the financial services provider’s stock after selling 764,017 shares during the period. Fmr LLC owned 1.36% of Kennedy-Wilson Holdings worth $34,612,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $158,000. Prudential Financial Inc. purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $215,000. Karp Capital Management Corp purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $227,000. Bank of Montreal Can raised its position in Kennedy-Wilson Holdings by 352.2% in the first quarter. Bank of Montreal Can now owns 12,427 shares of the financial services provider’s stock valued at $276,000 after buying an additional 9,679 shares in the last quarter. Finally, HCR Wealth Advisors purchased a new position in Kennedy-Wilson Holdings during the first quarter valued at about $280,000. 80.06% of the stock is currently owned by institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (NYSE KW) opened at 18.65 on Wednesday. The stock’s 50 day moving average is $19.46 and its 200 day moving average is $20.67. Kennedy-Wilson Holdings Inc. has a 1-year low of $17.95 and a 1-year high of $23.77. The firm has a market capitalization of $2.13 billion, a P/E ratio of 222.02 and a beta of 1.35.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Friday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Wednesday, June 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 755.64%.
KW has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $29.00 price target on shares of Kennedy-Wilson Holdings in a report on Wednesday, March 22nd. Deutsche Bank AG cut their price target on shares of Kennedy-Wilson Holdings from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Thursday, June 15th. Finally, BidaskClub lowered shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Kennedy-Wilson Holdings presently has an average rating of “Buy” and an average price target of $28.50.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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