Vision Capital Corp Makes New Investment in Kennedy-Wilson Holdings Inc. $KW

Vision Capital Corp bought a new position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,309,261 shares of the financial services provider’s stock, valued at approximately $12,661,000. Kennedy-Wilson accounts for about 5.6% of Vision Capital Corp’s holdings, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KW. Brooklyn Investment Group grew its position in shares of Kennedy-Wilson by 6.9% during the fourth quarter. Brooklyn Investment Group now owns 16,382 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,057 shares in the last quarter. Sei Investments Co. grew its position in shares of Kennedy-Wilson by 6.4% during the third quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after buying an additional 1,863 shares in the last quarter. Aberdeen Group plc grew its position in shares of Kennedy-Wilson by 4.9% during the fourth quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock worth $413,000 after buying an additional 1,980 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of Kennedy-Wilson by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,668 shares of the financial services provider’s stock worth $93,000 after buying an additional 2,081 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Kennedy-Wilson by 10.8% during the third quarter. Van ECK Associates Corp now owns 29,441 shares of the financial services provider’s stock worth $245,000 after buying an additional 2,874 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kennedy-Wilson presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Stock Down 0.1%

Shares of NYSE:KW opened at $10.93 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 99.33 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.26. Kennedy-Wilson Holdings Inc. has a twelve month low of $6.48 and a twelve month high of $11.09. The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $10.45.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.25. The business had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio is presently 436.36%.

Kennedy-Wilson Company 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.