Choreo LLC Purchases New Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Choreo LLC purchased a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,625 shares of the financial services provider’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KW. Quadrant Capital Group LLC lifted its holdings in Kennedy-Wilson by 131.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,259 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Kennedy-Wilson by 229.3% during the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 2,029 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,346 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Kennedy-Wilson by 298.1% during the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,320 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Kennedy-Wilson during the first quarter valued at $73,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KW shares. JPMorgan Chase & Co. upped their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

Kennedy-Wilson Trading Down 2.1 %

Shares of KW opened at $10.91 on Friday. The stock’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $9.72. The firm has a market capitalization of $1.50 billion, a PE ratio of -5.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $15.85.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The business had revenue of $132.00 million during the quarter, compared to the consensus estimate of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The firm’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, research analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.40%. Kennedy-Wilson’s dividend payout ratio is presently -24.37%.

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.