CenterBook Partners LP Lowers Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

CenterBook Partners LP trimmed its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,972 shares of the financial services provider's stock after selling 38,819 shares during the period. CenterBook Partners LP owned approximately 0.09% of Kennedy-Wilson worth $1,209,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KW. Smartleaf Asset Management LLC boosted its stake in shares of Kennedy-Wilson by 181.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 3,755 shares during the last quarter. KBC Group NV increased its stake in Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 2,748 shares in the last quarter. Cibc World Markets Corp acquired a new position in Kennedy-Wilson during the 4th quarter valued at about $106,000. Fox Run Management L.L.C. purchased a new stake in Kennedy-Wilson in the 4th quarter valued at $134,000. Finally, Quantinno Capital Management LP boosted its holdings in Kennedy-Wilson by 13.3% during the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock worth $159,000 after acquiring an additional 1,686 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.

Kennedy-Wilson Stock Performance

Shares of KW traded down $0.05 during trading hours on Wednesday, hitting $6.69. The company's stock had a trading volume of 254,301 shares, compared to its average volume of 702,350. The business has a 50 day simple moving average of $8.59 and a two-hundred day simple moving average of $9.80. Kennedy-Wilson Holdings, Inc. has a 52-week low of $6.34 and a 52-week high of $11.88. The company has a market cap of $923.27 million, a price-to-earnings ratio of -2.59, a PEG ratio of 0.54 and a beta of 0.98. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Monday, March 31st. Kennedy-Wilson's payout ratio is -85.71%.

Insiders Place Their Bets

In other Kennedy-Wilson news, Director Stanley R. Zax acquired 41,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. This represents a 8.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares of the company's stock, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.73% of the company's stock.

About Kennedy-Wilson

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.