198,432 Shares in Kennedy-Wilson Holdings Inc. (KW) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. bought a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 198,432 shares of the company’s stock, valued at approximately $3,762,000. Emerald Acquisition Ltd. owned about 0.17% of Kennedy-Wilson Holdings at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. Swiss National Bank increased its position in Kennedy-Wilson Holdings by 11.8% in the second quarter. Swiss National Bank now owns 157,500 shares of the company’s stock valued at $2,986,000 after buying an additional 16,600 shares in the last quarter. Ngam Advisors L.P. bought a new position in Kennedy-Wilson Holdings during the second quarter valued at about $237,000. Bank of New York Mellon Corp increased its position in Kennedy-Wilson Holdings by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 392,638 shares of the company’s stock valued at $7,445,000 after buying an additional 2,481 shares in the last quarter. Northpointe Capital LLC increased its position in Kennedy-Wilson Holdings by 7.2% in the second quarter. Northpointe Capital LLC now owns 315,738 shares of the company’s stock valued at $5,986,000 after buying an additional 21,106 shares in the last quarter. Finally, Real Estate Management Services LLC increased its position in Kennedy-Wilson Holdings by 17.5% in the second quarter. Real Estate Management Services LLC now owns 1,377,300 shares of the company’s stock valued at $26,114,000 after buying an additional 205,500 shares in the last quarter. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) traded up 4.63% during midday trading on Wednesday, hitting $22.82. 963,575 shares of the stock traded hands. The firm has a 50-day moving average price of $21.71 and a 200 day moving average price of $20.92. Kennedy-Wilson Holdings Inc. has a one year low of $15.74 and a one year high of $26.44. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 78.42 and a beta of 1.43.
Kennedy-Wilson Holdings (NYSE:KW) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The firm had revenue of $176.50 million for the quarter, compared to the consensus estimate of $175.90 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts anticipate that Kennedy-Wilson Holdings Inc. will post ($0.23) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.45%. The ex-dividend date is Wednesday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 186.67%.
Several equities analysts have issued reports on KW shares. Davy Research restated an “outperform” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th. BTIG Research restated a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Tuesday, June 21st. Zacks Investment Research downgraded shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Goodbody restated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Friday, August 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $29.69.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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