Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Down 5.9% in March

Kennedy-Wilson Holdings, Inc. (NYSE:KW) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,990,000 shares, a drop of 5.9% from the March 15th total of 8,490,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is currently 5.8 days. Currently, 6.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Institutional Investors Weigh In On Kennedy-Wilson

A number of hedge funds and other institutional investors have recently bought and sold shares of KW. Invesco Ltd. grew its position in shares of Kennedy-Wilson by 2.9% in the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after buying an additional 66,623 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kennedy-Wilson by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock valued at $22,650,000 after buying an additional 85,481 shares during the last quarter. Barclays PLC grew its position in shares of Kennedy-Wilson by 58.1% in the 3rd quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock valued at $2,409,000 after buying an additional 60,074 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Kennedy-Wilson in the 3rd quarter valued at about $269,000. Finally, Natixis Advisors L.P. grew its position in shares of Kennedy-Wilson by 70.2% in the 3rd quarter. Natixis Advisors L.P. now owns 31,497 shares of the financial services provider’s stock valued at $464,000 after buying an additional 12,996 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Shares of KW traded down $0.09 during midday trading on Tuesday, hitting $8.09. The company’s stock had a trading volume of 1,017,087 shares, compared to its average volume of 1,354,899. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.33 and a beta of 1.06. Kennedy-Wilson has a one year low of $7.85 and a one year high of $17.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.25. The company’s fifty day simple moving average is $8.84 and its two-hundred day simple moving average is $11.02.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). The firm had revenue of $140.10 million for the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. As a group, equities analysts expect that Kennedy-Wilson will post -1.36 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.87%. Kennedy-Wilson’s dividend payout ratio is currently -39.02%.

Kennedy-Wilson Company 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.