Van Den Berg Management I Inc. Sells 79,513 Shares of Kennedy-Wilson Holdings Inc. $KW

Van Den Berg Management I Inc. lessened its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KWFree Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 894,821 shares of the financial services provider’s stock after selling 79,513 shares during the period. Kennedy-Wilson comprises approximately 2.0% of Van Den Berg Management I Inc.’s holdings, making the stock its 18th biggest position. Van Den Berg Management I Inc. owned approximately 0.65% of Kennedy-Wilson worth $8,653,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KW. State of Wyoming bought a new position in shares of Kennedy-Wilson in the 2nd quarter worth approximately $58,000. Advisory Services Network LLC bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth approximately $71,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth approximately $86,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Kennedy-Wilson in the 4th quarter worth approximately $89,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Kennedy-Wilson by 305.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 10,215 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 0.1%

Kennedy-Wilson stock opened at $10.93 on Wednesday. The firm has a 50 day moving average of $10.96 and a 200 day moving average of $10.47. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 99.34 and a beta of 0.87. Kennedy-Wilson Holdings Inc. has a 12-month low of $6.48 and a 12-month high of $11.09. 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 (NYSE:KWGet Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is 436.36%.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Kennedy-Wilson

Kennedy-Wilson Profile

(Free Report)

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.

See Also

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

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