New York State Teachers Retirement System Buys 63,800 Shares of Kennedy-Wilson Holdings Inc. $KW

New York State Teachers Retirement System raised its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 188.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,700 shares of the financial services provider’s stock after acquiring an additional 63,800 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Kennedy-Wilson worth $813,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KW. GAMMA Investing LLC boosted its position in shares of Kennedy-Wilson by 35.2% during the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,388 shares in the last quarter. CWM LLC raised its holdings in Kennedy-Wilson by 98.9% in the third quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 2,327 shares in the last quarter. State of Wyoming purchased a new position in Kennedy-Wilson during the second quarter valued at $58,000. PharVision Advisers LLC bought a new stake in shares of Kennedy-Wilson during the 2nd quarter valued at $73,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Kennedy-Wilson by 305.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock valued at $92,000 after buying an additional 10,215 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Kennedy-Wilson in a research report on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 target price on shares of Kennedy-Wilson in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Sell” and a consensus target price of $10.00.

Kennedy-Wilson Stock Down 1.0%

Shares of Kennedy-Wilson stock opened at $9.91 on Wednesday. The company has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $8.68. The stock has a market capitalization of $1.37 billion, a PE ratio of -38.10 and a beta of 1.02. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $10.11. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.24 and a current ratio of 1.24.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.8%. Kennedy-Wilson’s dividend payout ratio is -184.62%.

Kennedy-Wilson Profile

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.