PM CAPITAL Ltd Invests $1.80 Million in Kennedy-Wilson Holdings Inc (KW)
PM CAPITAL Ltd bought a new position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 103,780 shares of the financial services provider’s stock, valued at approximately $1,801,000. Kennedy-Wilson comprises about 0.3% of PM CAPITAL Ltd’s holdings, making the stock its 24th biggest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Kennedy-Wilson by 18.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,517,492 shares of the financial services provider’s stock worth $26,328,000 after buying an additional 236,871 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth $408,000. Pensionfund DSM Netherlands bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth $695,000. Institutional & Family Asset Management LLC acquired a new position in shares of Kennedy-Wilson during the third quarter worth $292,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Kennedy-Wilson during the third quarter worth $206,000. 66.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on KW. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Deutsche Bank reiterated a “hold” rating and set a $23.00 price target on shares of Kennedy-Wilson in a report on Monday, October 30th. Finally, BTIG Research reiterated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.33.
Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) traded down $0.20 during trading hours on Tuesday, hitting $17.45. 924,602 shares of the stock were exchanged, compared to its average volume of 1,080,670. The firm has a market capitalization of $2,672.99, a price-to-earnings ratio of 134.24 and a beta of 1.38. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 2.35. Kennedy-Wilson Holdings Inc has a 52 week low of $17.15 and a 52 week high of $22.65.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $177.89 million. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. Kennedy-Wilson’s revenue was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. research analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s payout ratio is 584.66%.
In other Kennedy-Wilson news, Director Stanley R. Zax purchased 50,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the acquisition, the director now owns 300,300 shares in the company, valued at $5,759,754. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.07% of the stock is currently owned by insiders.
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Kennedy-Wilson 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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