Kennedy-Wilson Holdings Inc. $KW Stock Holdings Lifted by Atria Investments Inc

Atria Investments Inc increased its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 21.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,141 shares of the financial services provider’s stock after acquiring an additional 14,092 shares during the quarter. Atria Investments Inc owned approximately 0.06% of Kennedy-Wilson worth $538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KW. Principal Financial Group Inc. increased its position in shares of Kennedy-Wilson by 2.7% in the first quarter. Principal Financial Group Inc. now owns 588,232 shares of the financial services provider’s stock worth $5,106,000 after acquiring an additional 15,379 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Kennedy-Wilson by 233.1% in the 1st quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 98,848 shares during the period. Anson Funds Management LP acquired a new position in Kennedy-Wilson in the 1st quarter worth approximately $477,000. Teacher Retirement System of Texas purchased a new position in Kennedy-Wilson during the 1st quarter worth approximately $139,000. Finally, Trexquant Investment LP acquired a new stake in Kennedy-Wilson during the 1st quarter valued at $834,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KW has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Kennedy-Wilson from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday. Wall Street Zen raised Kennedy-Wilson from a “sell” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings raised Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kennedy-Wilson presently has an average rating of “Hold” and a consensus price target of $10.00.

Kennedy-Wilson Trading Down 1.7%

NYSE KW opened at $9.41 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.81. The firm’s fifty day simple moving average is $8.29 and its 200-day simple moving average is $7.51. The company has a market capitalization of $1.30 billion, a PE ratio of -14.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.1%. Kennedy-Wilson’s payout ratio is presently -184.62%.

Kennedy-Wilson Profile

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.