Kennedy-Wilson Holdings Inc. (KW) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. increased its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,557 shares of the company’s stock after buying an additional 4,290 shares during the period. UBS Asset Management Americas Inc.’s holdings in Kennedy-Wilson Holdings were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group raised its stake in shares of Kennedy-Wilson Holdings by 4.7% in the second quarter. Schroder Investment Management Group now owns 1,504,948 shares of the company’s stock valued at $28,534,000 after buying an additional 67,548 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Kennedy-Wilson Holdings by 11.6% in the second quarter. Ameriprise Financial Inc. now owns 312,380 shares of the company’s stock valued at $5,924,000 after buying an additional 32,576 shares during the period. Boston Partners raised its stake in shares of Kennedy-Wilson Holdings by 14.2% in the second quarter. Boston Partners now owns 810,800 shares of the company’s stock valued at $15,372,000 after buying an additional 101,060 shares during the period. CI Global Investments Inc. acquired a new stake in shares of Kennedy-Wilson Holdings during the second quarter valued at $1,687,000. Finally, Princeton Alpha Management LP acquired a new stake in shares of Kennedy-Wilson Holdings during the second quarter valued at $235,000. Institutional investors own 79.34% of the company’s stock.

Institutional Ownership by Quarter for Kennedy-Wilson Holdings (NYSE:KW)

Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 20.38 on Tuesday. Kennedy-Wilson Holdings Inc. has a 52 week low of $15.74 and a 52 week high of $26.44. The company has a market capitalization of $2.29 billion, a P/E ratio of 70.03 and a beta of 1.45. The firm has a 50 day moving average of $22.04 and a 200-day moving average of $21.03.

Kennedy-Wilson Holdings (NYSE:KW) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $175.90 million. Kennedy-Wilson Holdings had a net margin of 5.15% and a return on equity of 3.65%. The company’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 30th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 2.75%. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is presently 186.67%.

Several analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $31.75 target price on shares of Kennedy-Wilson Holdings in a research report on Sunday, August 14th. Goodbody reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Deutsche Bank AG reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Kennedy-Wilson Holdings from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 5th. Finally, Davy Research reissued an “outperform” 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.69.

About Kennedy-Wilson Holdings

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.

5 Day Chart for NYSE:KW

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