Kennedy-Wilson Holdings Inc. (KW) Position Raised by Nordea Investment Management AB
Nordea Investment Management AB increased its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 35.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,006 shares of the financial services provider’s stock after purchasing an additional 24,138 shares during the period. Nordea Investment Management AB owned approximately 0.08% of Kennedy-Wilson Holdings worth $1,772,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KW. BlackRock Inc. grew its stake in Kennedy-Wilson Holdings by 39,149.9% during the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock worth $138,997,000 after purchasing an additional 6,245,200 shares during the period. Ranger Global Real Estate Advisors LLC acquired a new stake in Kennedy-Wilson Holdings during the second quarter worth approximately $13,916,000. Vanguard Group Inc. grew its stake in Kennedy-Wilson Holdings by 10.3% during the first quarter. Vanguard Group Inc. now owns 7,333,057 shares of the financial services provider’s stock worth $162,795,000 after purchasing an additional 685,496 shares during the period. Mackenzie Financial Corp grew its stake in Kennedy-Wilson Holdings by 81.9% during the first quarter. Mackenzie Financial Corp now owns 1,429,882 shares of the financial services provider’s stock worth $31,743,000 after purchasing an additional 643,822 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in Kennedy-Wilson Holdings during the second quarter worth approximately $10,012,000. 84.42% of the stock is owned by institutional investors and hedge funds.
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Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 19.00 on Friday. The firm has a 50-day moving average price of $18.96 and a 200-day moving average price of $19.83. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.00. The firm has a market cap of $2.17 billion, a PE ratio of 100.53 and a beta of 1.36.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.16. The firm had revenue of $177.80 million for the quarter, compared to analysts’ expectations of $178.55 million. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. On average, equities research analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.58%. The ex-dividend date was Thursday, September 28th. Kennedy-Wilson Holdings’s payout ratio is 377.80%.
KW has been the subject of several recent analyst reports. BidaskClub cut Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. BTIG Research reissued a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $29.67.
Kennedy-Wilson Holdings Company 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.
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