Proficio Capital Partners LLC Takes $370,000 Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Proficio Capital Partners LLC purchased a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,013 shares of the financial services provider’s stock, valued at approximately $370,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its position in shares of Kennedy-Wilson by 39.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 4,124 shares in the last quarter. Legacy Capital Group California Inc. increased its stake in Kennedy-Wilson by 12.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider’s stock worth $194,000 after buying an additional 2,206 shares during the period. Alberta Investment Management Corp lifted its holdings in Kennedy-Wilson by 17.5% in the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after buying an additional 395,000 shares in the last quarter. Principal Financial Group Inc. boosted its position in Kennedy-Wilson by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider’s stock valued at $5,723,000 after buying an additional 16,090 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Kennedy-Wilson by 5.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 189,798 shares of the financial services provider’s stock valued at $1,896,000 after acquiring an additional 9,144 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 topic of several recent analyst reports. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 target price on the stock.

Kennedy-Wilson Price Performance

KW opened at $9.44 on Tuesday. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.66, a PEG ratio of 0.54 and a beta of 1.14. The company has a 50-day moving average of $9.25 and a 200-day moving average of $10.36. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $11.88.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson’s payout ratio is currently -85.71%.

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.