UBS Asset Management Americas Inc. grew its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 365.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,213 shares of the financial services provider’s stock after buying an additional 198,837 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Kennedy-Wilson were worth $4,393,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KW. SG Americas Securities LLC purchased a new stake in Kennedy-Wilson during the third quarter worth approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kennedy-Wilson by 160.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,952 shares of the financial services provider’s stock worth $190,000 after buying an additional 6,740 shares during the period. ING Groep NV purchased a new stake in Kennedy-Wilson during the fourth quarter worth approximately $201,000. GSA Capital Partners LLP purchased a new stake in Kennedy-Wilson during the third quarter worth approximately $206,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in Kennedy-Wilson during the fourth quarter worth approximately $208,000. Institutional investors own 84.63% of the company’s stock.
Several research firms have issued reports on KW. ValuEngine downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. JMP Securities upgraded shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $26.75.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 4.38%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 110.15%.
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Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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