Kennedy-Wilson Holdings Inc. $KW Shares Sold by Rock Point Advisors LLC

by · The Cerbat Gem

Rock Point Advisors LLC lowered its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW – Free Report) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,244,907 shares of the financial services provider’s stock after selling 184,453 shares during the period. Kennedy-Wilson comprises 3.0% of Rock Point Advisors LLC’s holdings, making the stock its 8th biggest holding. Rock Point Advisors LLC owned about 0.90% of Kennedy-Wilson worth $12,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sumitomo Mitsui Financial Group Inc. grew its position in Kennedy-Wilson by 916.0% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock worth $21,601,000 after buying an additional 2,493,628 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Kennedy-Wilson during the 4th quarter worth $8,961,000. UBS Group AG boosted its stake in shares of Kennedy-Wilson by 133.8% during the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock worth $11,570,000 after acquiring an additional 795,844 shares in the last quarter. PDT Partners LLC grew its holdings in shares of Kennedy-Wilson by 251.0% in the 2nd quarter. PDT Partners LLC now owns 406,895 shares of the financial services provider’s stock worth $2,767,000 after acquiring an additional 290,969 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Kennedy-Wilson during the second quarter worth $1,585,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $11.01 on Wednesday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 100.05 and a beta of 0.88. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.26. The stock’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $10.11.

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

Kennedy-Wilson Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kennedy-Wilson has an average rating of “Reduce” and an average target price of $11.00.

Get Our Latest Report on KW

About Kennedy-Wilson

(Free Report)

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.

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