Ranger Global Real Estate Advisors LLC lessened its position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 12.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,957,898 shares of the financial services provider’s stock after selling 266,736 shares during the quarter. Kennedy-Wilson comprises 11.1% of Ranger Global Real Estate Advisors LLC’s portfolio, making the stock its largest holding. Ranger Global Real Estate Advisors LLC’s holdings in Kennedy-Wilson were worth $34,067,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Kennedy-Wilson by 1,613.4% in the fourth quarter. Franklin Resources Inc. now owns 7,413,846 shares of the financial services provider’s stock worth $128,631,000 after buying an additional 6,981,146 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Kennedy-Wilson by 66.3% in the fourth quarter. BlackRock Inc. now owns 9,216,126 shares of the financial services provider’s stock worth $159,899,000 after buying an additional 3,675,114 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Kennedy-Wilson by 95.7% in the first quarter. Principal Financial Group Inc. now owns 3,480,739 shares of the financial services provider’s stock worth $60,565,000 after buying an additional 1,702,404 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kennedy-Wilson by 32.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,829,574 shares of the financial services provider’s stock worth $66,635,000 after buying an additional 929,331 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Kennedy-Wilson by 336.3% in the fourth quarter. Millennium Management LLC now owns 915,386 shares of the financial services provider’s stock worth $15,882,000 after buying an additional 705,557 shares during the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $19.50, for a total transaction of $97,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP In Ku Lee sold 8,615 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $16.87, for a total value of $145,335.05. Following the transaction, the senior vice president now directly owns 115,479 shares of the company’s stock, valued at approximately $1,948,130.73. The disclosure for this sale can be found here. Insiders sold a total of 236,950 shares of company stock valued at $4,010,497 in the last ninety days. 14.58% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on KW shares. ValuEngine cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. JMP Securities raised Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.00.

NYSE KW opened at $20.70 on Thursday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 46.00 and a beta of 1.28. Kennedy-Wilson Holdings Inc has a twelve month low of $15.95 and a twelve month high of $20.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.76.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $190.70 million during the quarter, compared to analysts’ expectations of $184.01 million. Kennedy-Wilson had a return on equity of 2.66% and a net margin of 11.76%. Kennedy-Wilson’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. equities research analysts expect that Kennedy-Wilson Holdings Inc will post -0.17 EPS for the current year.

Kennedy-Wilson declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 20th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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