Algert Global LLC Makes New $109,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Algert Global LLC bought a new stake in shares of 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 fund bought 11,180 shares of the financial services provider’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KW. GAMMA Investing LLC increased its position in Kennedy-Wilson by 229.3% during the 2nd 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 period. Massmutual Trust Co. FSB ADV raised its stake in Kennedy-Wilson by 68.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,346 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Kennedy-Wilson by 298.1% in the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock worth $57,000 after buying an additional 4,320 shares during the period. EntryPoint Capital LLC bought a new stake in Kennedy-Wilson during the 1st quarter valued at approximately $73,000. Finally, CWM LLC grew its holdings in shares of Kennedy-Wilson by 305.1% during the 2nd quarter. CWM LLC now owns 10,509 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 7,915 shares during the period. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Stock Performance

Shares of KW opened at $10.74 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67. The stock has a market cap of $1.48 billion, a P/E ratio of -5.45, a P/E/G ratio of 0.65 and a beta of 1.10. The business’s 50 day moving average price is $10.80 and its 200-day moving average price is $9.98. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $14.50.

Kennedy-Wilson (NYSE:KW) last released its 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. The firm had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The company’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were issued a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.47%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -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.