Trexquant Investment LP Acquires New Stake in Kennedy-Wilson Holdings Inc. $KW

Key Points

• Trexquant Investment LP purchased 96,134 shares of Kennedy-Wilson Holdings Inc., valued at approximately $834,000, representing around 0.06% of the company.
• Kennedy-Wilson recently reported an earnings per share (EPS) of $0.17 for the last quarter, surpassing analysts' expectations of $0.07.
• The firm announced a quarterly dividend of $0.12 to be paid on October 9th, with a dividend yield of 5.5% for stockholders of record by September 30th.

Trexquant Investment LP purchased a new position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 96,134 shares of the financial services provider's stock, valued at approximately $834,000. Trexquant Investment LP owned about 0.06% of Kennedy-Wilson at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KW. Price T Rowe Associates Inc. MD grew its position in Kennedy-Wilson by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 96,218 shares of the financial services provider's stock worth $962,000 after acquiring an additional 6,902 shares during the last quarter. Northern Trust Corp grew its position in Kennedy-Wilson by 18.2% during 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 during the last quarter. Deutsche Bank AG grew its position in Kennedy-Wilson by 26.6% during the 4th quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider's stock worth $1,500,000 after acquiring an additional 31,580 shares during the last quarter. Ethic Inc. bought a new position in Kennedy-Wilson during the 4th quarter worth approximately $188,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kennedy-Wilson by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider's stock worth $646,000 after acquiring an additional 2,054 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Trading Down 1.3%

NYSE KW traded down $0.12 on Friday, hitting $8.98. The company's stock had a trading volume of 525,212 shares, compared to its average volume of 676,308. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. The company's 50-day simple moving average is $7.96 and its 200 day simple moving average is $7.54. The firm has a market cap of $1.24 billion, a P/E ratio of -13.40, a PEG ratio of 2.89 and a beta of 1.16.

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

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is -71.64%.

Analysts Set New Price Targets

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

Kennedy-Wilson Company 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.