Northpointe Capital LLC boosted its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 315,738 shares of the company’s stock after buying an additional 21,106 shares during the period. Northpointe Capital LLC’s holdings in Kennedy-Wilson Holdings were worth $5,986,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KW. Real Estate Management Services LLC boosted its position in Kennedy-Wilson Holdings by 17.5% in the second quarter. Real Estate Management Services LLC now owns 1,377,300 shares of the company’s stock worth $26,114,000 after buying an additional 205,500 shares during the period. Diversified Trust Co raised its stake in shares of Kennedy-Wilson Holdings by 4.1% in the second quarter. Diversified Trust Co now owns 31,243 shares of the company’s stock worth $592,000 after buying an additional 1,223 shares in the last quarter. Skylands Capital LLC raised its stake in shares of Kennedy-Wilson Holdings by 39.7% in the second quarter. Skylands Capital LLC now owns 549,800 shares of the company’s stock worth $10,424,000 after buying an additional 156,300 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Kennedy-Wilson Holdings by 20.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,143,640 shares of the company’s stock worth $21,683,000 after buying an additional 190,743 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Kennedy-Wilson Holdings by 4.9% in the first quarter. Wellington Management Group LLP now owns 15,206,575 shares of the company’s stock worth $333,023,000 after buying an additional 712,709 shares in the last quarter. Institutional investors own 79.33% of the company’s stock.
Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) traded up 0.36% during mid-day trading on Tuesday, hitting $22.47. 365,380 shares of the company were exchanged. Kennedy-Wilson Holdings Inc. has a 12-month low of $15.74 and a 12-month high of $26.44. The firm has a market capitalization of $2.53 billion, a P/E ratio of 77.22 and a beta of 1.45. The company’s 50-day moving average price is $22.08 and its 200-day moving average price is $21.02.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $175.90 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. Equities research analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. Kennedy-Wilson Holdings’s payout ratio is presently 186.67%.
KW has been the subject of a number of research reports. Zacks Investment Research raised shares of Kennedy-Wilson Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, July 13th. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a report on Tuesday, July 5th. Deutsche Bank AG reissued a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Tuesday, June 21st. Davy Research reissued an “outperform” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. Finally, Goodbody reissued a “buy” rating on shares of Kennedy-Wilson Holdings in a report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Kennedy-Wilson Holdings has a consensus rating of “Buy” and a consensus target price of $29.69.
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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