Dimensional Fund Advisors LP Grows Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Dimensional Fund Advisors LP lifted its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,945,108 shares of the financial services provider’s stock after purchasing an additional 56,237 shares during the quarter. Dimensional Fund Advisors LP owned 2.83% of Kennedy-Wilson worth $94,207,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KW. abrdn plc grew its position in Kennedy-Wilson by 4.8% during the fourth quarter. abrdn plc now owns 25,806 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 1,172 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Kennedy-Wilson by 2.5% during the 4th quarter. ProShare Advisors LLC now owns 453,737 shares of the financial services provider’s stock valued at $10,835,000 after purchasing an additional 11,210 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in Kennedy-Wilson by 0.9% in the fourth quarter. First Republic Investment Management Inc. now owns 387,105 shares of the financial services provider’s stock worth $9,244,000 after purchasing an additional 3,507 shares during the last quarter. Bamco Inc. NY lifted its stake in Kennedy-Wilson by 64.2% in the third quarter. Bamco Inc. NY now owns 98,188 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 38,379 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Kennedy-Wilson by 65.2% during the fourth quarter. Van ECK Associates Corp now owns 9,248 shares of the financial services provider’s stock valued at $221,000 after buying an additional 3,649 shares during the period. Institutional investors own 88.32% of the company’s stock.

In other news, Director Richard Aidan Hugh Boucher acquired 24,000 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The shares were bought at an average cost of $23.45 per share, with a total value of $562,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.10% of the company’s stock.

Kennedy-Wilson stock opened at $20.88 on Friday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 8.32 and a beta of 1.10. The stock’s 50 day simple moving average is $23.16 and its two-hundred day simple moving average is $23.01. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $25.30.

Kennedy-Wilson (NYSE:KWGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.17). Kennedy-Wilson had a net margin of 78.16% and a return on equity of 36.77%. The company had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $184.80 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, analysts predict that Kennedy-Wilson Holdings, Inc. will post 1.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Thursday, June 30th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, June 29th. Kennedy-Wilson’s dividend payout ratio (DPR) is 38.25%.

Several analysts have weighed in on the company. StockNews.com assumed coverage on Kennedy-Wilson in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet cut Kennedy-Wilson from a “b-” rating to a “c+” rating in a research report on Tuesday. Finally, Zacks Investment Research raised Kennedy-Wilson from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, March 15th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $25.00.

About Kennedy-Wilson (Get Rating)

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

See Also

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

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