Kennedy-Wilson Holdings Inc (KW) Shares Bought by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC boosted its holdings in Kennedy-Wilson Holdings Inc (NYSE:KW) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 244,081 shares of the financial services provider’s stock after acquiring an additional 7,255 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Kennedy-Wilson were worth $4,235,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. CI Investments Inc. raised its position in Kennedy-Wilson by 86.6% in the third quarter. CI Investments Inc. now owns 2,939,428 shares of the financial services provider’s stock valued at $54,526,000 after purchasing an additional 1,364,317 shares during the last quarter. Fiduciary Management Inc. WI raised its position in Kennedy-Wilson by 31.7% in the third quarter. Fiduciary Management Inc. WI now owns 3,286,505 shares of the financial services provider’s stock valued at $60,965,000 after purchasing an additional 790,742 shares during the last quarter. Ranger Global Real Estate Advisors LLC raised its position in Kennedy-Wilson by 68.1% in the third quarter. Ranger Global Real Estate Advisors LLC now owns 1,228,081 shares of the financial services provider’s stock valued at $22,781,000 after purchasing an additional 497,562 shares during the last quarter. Principal Financial Group Inc. raised its position in Kennedy-Wilson by 3,073.4% in the third quarter. Principal Financial Group Inc. now owns 347,358 shares of the financial services provider’s stock valued at $6,443,000 after purchasing an additional 336,412 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Kennedy-Wilson by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,596,624 shares of the financial services provider’s stock valued at $144,716,000 after purchasing an additional 263,567 shares during the last quarter. 66.80% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Stanley R. Zax acquired 50,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the transaction, the director now directly owns 300,300 shares of the company’s stock, valued at $5,759,754. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.07% of the stock is owned by company insiders.

Kennedy-Wilson Holdings Inc (NYSE KW) remained flat at $$17.25 during trading on Tuesday. 1,710,900 shares of the stock were exchanged, compared to its average volume of 1,212,193. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market capitalization of $2,600.00, a P/E ratio of 132.69 and a beta of 1.38. Kennedy-Wilson Holdings Inc has a 12-month low of $17.05 and a 12-month high of $22.65.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same period last year, the company earned ($0.03) earnings per share. The firm’s revenue was up 59.0% compared to the same quarter last year. sell-side analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is 584.62%.

Several equities analysts have commented on the company. ValuEngine downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Deutsche Bank reiterated a “hold” rating and issued a $23.00 target price on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, BTIG Research reiterated a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Kennedy-Wilson has a consensus rating of “Hold” and an average price target of $28.33.

ILLEGAL ACTIVITY WARNING: This news story was originally published by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://baseballnewssource.com/markets/kennedy-wilson-holdings-inc-kw-shares-bought-by-seabridge-investment-advisors-llc/1860764.html.

Kennedy-Wilson Profile

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.

Want to see what other hedge funds are holding KW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kennedy-Wilson Holdings Inc (NYSE:KW).

Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

Receive News & Ratings for Kennedy-Wilson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennedy-Wilson and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.