Anson Funds Management LP Takes Position in Kennedy-Wilson Holdings Inc. $KW

Key Points

• Anson Funds Management LP acquired a new position in Kennedy-Wilson Holdings Inc. by purchasing 54,912 shares valued at approximately $477,000 in the 1st quarter.
• Kennedy-Wilson announced a quarterly dividend of $0.12 per share, with an annualized yield of 5.6%, set to be paid on October 9th.
• Wall Street analysts have upgraded Kennedy-Wilson from a "sell" to a "buy" rating, reflecting a consensus price target of $9.00.

Anson Funds Management LP purchased a new position in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 54,912 shares of the financial services provider's stock, valued at approximately $477,000.

Several other hedge funds have also modified their holdings of the company. Jump Financial LLC raised its holdings in shares of Kennedy-Wilson by 25.9% during the 1st quarter. Jump Financial LLC now owns 85,000 shares of the financial services provider's stock worth $738,000 after acquiring an additional 17,500 shares in the last quarter. AlphaQuest LLC boosted its position in Kennedy-Wilson by 58.6% during the first quarter. AlphaQuest LLC now owns 66,416 shares of the financial services provider's stock valued at $576,000 after purchasing an additional 24,542 shares in the last quarter. Sprott Inc. boosted its position in Kennedy-Wilson by 0.4% during the first quarter. Sprott Inc. now owns 861,660 shares of the financial services provider's stock valued at $7,479,000 after purchasing an additional 3,077 shares in the last quarter. Versor Investments LP bought a new stake in Kennedy-Wilson during the first quarter valued at about $115,000. Finally, Algert Global LLC bought a new stake in Kennedy-Wilson during the first quarter valued at about $351,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Kennedy-Wilson from a "sell" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.00.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock traded down $0.06 during mid-day trading on Friday, hitting $8.73. 213,543 shares of the company were exchanged, compared to its average volume of 876,976. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97. The business's 50 day simple moving average is $7.56 and its two-hundred day simple moving average is $7.54. The company has a market capitalization of $1.20 billion, a P/E ratio of -13.03, a PEG ratio of 2.76 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $11.88.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%.The business had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. Analysts forecast that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson's payout ratio is presently -71.64%.

Kennedy-Wilson Profile

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.