State Board of Administration of Florida Retirement System held its position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) during the fourth quarter, Holdings Channel reports. The firm owned 70,732 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Kennedy-Wilson Holdings were worth $1,450,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of KW. SG Americas Securities LLC purchased a new stake in shares of Kennedy-Wilson Holdings during the third quarter worth about $259,000. Lourd Capital LLC purchased a new stake in shares of Kennedy-Wilson Holdings during the third quarter worth about $278,000. Great West Life Assurance Co. Can raised its stake in shares of Kennedy-Wilson Holdings by 47.7% in the third quarter. Great West Life Assurance Co. Can now owns 13,268 shares of the company’s stock worth $299,000 after buying an additional 4,282 shares during the period. Ngam Advisors L.P. raised its stake in shares of Kennedy-Wilson Holdings by 43.5% in the third quarter. Ngam Advisors L.P. now owns 17,946 shares of the company’s stock worth $405,000 after buying an additional 5,440 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Kennedy-Wilson Holdings by 2.1% in the third quarter. BlackRock Inc. now owns 18,912 shares of the company’s stock worth $426,000 after buying an additional 388 shares during the period. 78.74% of the stock is owned by institutional investors and hedge funds.
Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) opened at 21.75 on Friday. The company’s 50-day moving average is $21.25 and its 200-day moving average is $21.38. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 2175.00 and a beta of 1.27. Kennedy-Wilson Holdings Inc has a 12 month low of $17.29 and a 12 month high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.27. The company had revenue of $180.40 million for the quarter, compared to the consensus estimate of $179.47 million. Kennedy-Wilson Holdings had a return on equity of 3.65% and a net margin of 2.51%. Kennedy-Wilson Holdings’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. On average, equities research analysts forecast that Kennedy-Wilson Holdings Inc will post ($0.28) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 31st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, March 29th. This is an increase from Kennedy-Wilson Holdings’s previous quarterly dividend of $0.14. Kennedy-Wilson Holdings’s dividend payout ratio is 400.00%.
Separately, Zacks Investment Research upgraded shares of Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, January 4th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.33.
Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a global real estate investment company. The Company owns, operates and invests in real estate. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. The Company also provides real estate services primarily to financial services clients.
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