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 (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.
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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