Royce & Associates LP Sells 1,098,237 Shares of Kennedy-Wilson Holdings Inc. $KW

Royce & Associates LP lowered its position in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,430,379 shares of the financial services provider’s stock after selling 1,098,237 shares during the quarter. Royce & Associates LP’s holdings in Kennedy-Wilson were worth $13,832,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of Kennedy-Wilson in the 2nd quarter worth approximately $58,000. Advisory Services Network LLC bought a new position in shares of Kennedy-Wilson during the 3rd quarter worth approximately $71,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Kennedy-Wilson during the 3rd quarter worth approximately $86,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Kennedy-Wilson during the 3rd quarter worth approximately $88,000. Finally, Tower Research Capital LLC TRC increased its holdings in Kennedy-Wilson by 305.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 10,215 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 0.1%

NYSE KW opened at $11.03 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. The firm has a market cap of $1.54 billion, a PE ratio of 100.24 and a beta of 0.88. The company has a 50 day moving average price of $10.93 and a 200 day moving average price of $10.34. Kennedy-Wilson Holdings Inc. has a 52 week low of $6.20 and a 52 week high of $11.09.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.25. The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s payout ratio is 436.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kennedy-Wilson currently has an average rating of “Reduce” and an average price target of $11.00.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.