Aristeia Capital L.L.C. Purchases New Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Aristeia Capital L.L.C. acquired a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,619 shares of the financial services provider’s stock, valued at approximately $657,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of KW. Elkhorn Partners Limited Partnership raised its holdings in shares of Kennedy-Wilson by 2.9% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock valued at $37,226,000 after buying an additional 121,223 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Kennedy-Wilson by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock valued at $13,004,000 after purchasing an additional 104,577 shares during the period. ProShare Advisors LLC lifted its position in shares of Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after purchasing an additional 205,890 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kennedy-Wilson by 1,238.7% during the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after purchasing an additional 652,116 shares in the last quarter. Finally, Old West Investment Management LLC boosted its stake in shares of Kennedy-Wilson by 7.9% in the second quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after purchasing an additional 50,474 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. JPMorgan Chase & Co. lifted their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Price Performance

Shares of KW stock opened at $10.97 on Tuesday. The firm has a market cap of $1.51 billion, a P/E ratio of -5.57, a P/E/G ratio of 0.69 and a beta of 1.11. The firm has a fifty day moving average of $10.71 and a two-hundred day moving average of $9.76. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $15.28.

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

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

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.