Intech Investment Management LLC Makes New Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Intech Investment Management LLC bought a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,211 shares of the financial services provider’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KW. Price T Rowe Associates Inc. MD raised its holdings in shares of Kennedy-Wilson by 19.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock worth $711,000 after buying an additional 13,214 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 2,029 shares during the last quarter. CWM LLC grew its stake in shares of Kennedy-Wilson by 305.1% during the second quarter. CWM LLC now owns 10,509 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 7,915 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Kennedy-Wilson by 5.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 51,382 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 2,451 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Kennedy-Wilson in the 2nd quarter worth approximately $207,000. 87.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KW has been the topic of several research reports. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. JPMorgan Chase & Co. upped their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th.

Kennedy-Wilson Price Performance

Shares of KW opened at $11.20 on Friday. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $1.54 billion, a PE ratio of -4.34, a P/E/G ratio of 0.73 and a beta of 1.12. The stock has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $10.61. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $13.27.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.29%. Kennedy-Wilson’s dividend payout ratio is currently -18.60%.

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.