15,071 Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW) Bought by Delta Investment Management LLC

Delta Investment Management LLC acquired a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,071 shares of the financial services provider’s stock, valued at approximately $187,000.

Several other hedge funds have also modified their holdings of KW. Simplex Trading LLC bought a new position in Kennedy-Wilson in the 4th quarter worth about $34,000. NBC Securities Inc. acquired a new position in Kennedy-Wilson in the third quarter valued at approximately $52,000. Choate Investment Advisors bought a new stake in Kennedy-Wilson in the third quarter valued at approximately $164,000. SteelPeak Wealth LLC boosted its holdings in Kennedy-Wilson by 33.7% during the third quarter. SteelPeak Wealth LLC now owns 13,453 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 3,391 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Kennedy-Wilson during the 3rd quarter worth about $269,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

NYSE KW traded up $0.04 during trading hours on Friday, hitting $8.50. The company’s stock had a trading volume of 538,593 shares, compared to its average volume of 1,066,285. The company’s 50 day simple moving average is $8.56 and its two-hundred day simple moving average is $10.70. The company has a market cap of $1.18 billion, a P/E ratio of -3.46 and a beta of 1.06. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.00 and a quick ratio of 1.00. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $17.43.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($1.44). Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. The company had revenue of $140.10 million for the quarter. As a group, sell-side analysts expect that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.29%. Kennedy-Wilson’s dividend payout ratio (DPR) is -39.02%.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.