54,912 Shares in Kennedy-Wilson Holdings Inc. $KW Purchased by Anson Funds Management LP

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) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 54,912 shares of the financial services provider's stock, valued at approximately $477,000.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Kennedy-Wilson by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,987,697 shares of the financial services provider's stock worth $17,253,000 after acquiring an additional 10,074 shares in the last quarter. Northern Trust Corp increased its stake in shares of Kennedy-Wilson by 18.2% in the 4th quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock worth $15,704,000 after acquiring an additional 241,943 shares in the last quarter. Rock Point Advisors LLC increased its stake in shares of Kennedy-Wilson by 1.2% in the 1st quarter. Rock Point Advisors LLC now owns 1,059,030 shares of the financial services provider's stock worth $9,192,000 after acquiring an additional 13,015 shares in the last quarter. Sprott Inc. increased its stake in shares of Kennedy-Wilson by 0.4% in the 1st quarter. Sprott Inc. now owns 861,660 shares of the financial services provider's stock worth $7,479,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Kennedy-Wilson by 4.9% in the 4th quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider's stock worth $8,417,000 after acquiring an additional 39,702 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $8.5050 on Friday. Kennedy-Wilson Holdings Inc. has a one year low of $5.98 and a one year high of $11.88. The company's 50-day moving average is $7.40 and its 200 day moving average is $7.55. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -12.69, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97.

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

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is presently -71.64%.

Wall Street Analysts Forecast Growth

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

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.

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