Y Intercept Hong Kong Ltd Acquires Shares of 319,237 Kennedy-Wilson Holdings Inc. $KW

Y Intercept Hong Kong Ltd purchased a new position in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 319,237 shares of the financial services provider’s stock, valued at approximately $3,454,000. Y Intercept Hong Kong Ltd owned approximately 0.23% of Kennedy-Wilson at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of Kennedy-Wilson in the second quarter valued at approximately $58,000. Advisory Services Network LLC purchased a new position in shares of Kennedy-Wilson during the 3rd quarter worth $71,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kennedy-Wilson in the fourth quarter valued at about $89,000. Federation des caisses Desjardins du Quebec increased its position in Kennedy-Wilson by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,668 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 2,081 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Shares of NYSE KW remained flat at $10.92 during midday trading on Tuesday. Kennedy-Wilson Holdings Inc. has a one year low of $6.48 and a one year high of $11.09. The firm has a market cap of $1.52 billion, a PE ratio of 99.28 and a beta of 0.87. 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 business’s 50-day simple moving average is $10.96 and its two-hundred day simple moving average is $10.59.

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

Kennedy-Wilson Announces Dividend

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kennedy-Wilson in a research report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.