Rhumbline Advisers Cuts Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rhumbline Advisers cut its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,844 shares of the financial services provider’s stock after selling 7,088 shares during the quarter. Rhumbline Advisers owned about 0.25% of Kennedy-Wilson worth $3,465,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Royce & Associates LP increased its stake in Kennedy-Wilson by 6.5% during the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock valued at $99,161,000 after purchasing an additional 544,495 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kennedy-Wilson by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider’s stock valued at $31,599,000 after buying an additional 20,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kennedy-Wilson by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after acquiring an additional 53,185 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kennedy-Wilson by 4.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock worth $9,976,000 after acquiring an additional 41,918 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Kennedy-Wilson by 22.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider’s stock valued at $7,503,000 after acquiring an additional 135,559 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

KW has been the subject of a number of research analyst reports. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective for the company.

Kennedy-Wilson Trading Up 1.5 %

Shares of KW stock opened at $9.72 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $11.88. The stock has a market capitalization of $1.33 billion, a P/E ratio of -3.77, a P/E/G ratio of 0.54 and a beta of 1.13. The firm’s 50 day moving average is $9.29 and its 200 day moving average is $10.39.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.94%. Kennedy-Wilson’s dividend payout ratio (DPR) 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.