Advisors Preferred LLC Takes $1.19 Million Position in Kennedy-Wilson Holdings Inc. $KW

Key Points

• Advisors Preferred LLC acquired 122,955 shares of Kennedy‑Wilson (NYSE:KW), a new stake valued at about $1.19 million, representing roughly 0.09% of the company.
• Other institutions materially increased exposure — Sumitomo Mitsui raised its position by 916% to 2,765,866 shares (~$21.6M), M&T Bank opened a new stake worth about $8.96M, and institutional investors now own 87.72% of the stock.
• Kennedy‑Wilson recently paid a $0.12 quarterly dividend (annualized $0.48) for a 4.4% yield, but has a negative P/E and a payout ratio of -165.52%; the stock carries a consensus "Reduce" rating with a $11 target price.

Advisors Preferred LLC acquired a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 122,955 shares of the financial services provider's stock, valued at approximately $1,185,000. Advisors Preferred LLC owned about 0.09% of Kennedy-Wilson at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in Kennedy-Wilson by 506.0% in the third quarter. SG Americas Securities LLC now owns 61,704 shares of the financial services provider's stock worth $513,000 after purchasing an additional 51,522 shares during the last quarter. JPMorgan Chase & Co. increased its position in Kennedy-Wilson by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,183,187 shares of the financial services provider's stock worth $9,844,000 after purchasing an additional 124,492 shares during the last quarter. Old West Investment Management LLC increased its position in Kennedy-Wilson by 20.8% in the third quarter. Old West Investment Management LLC now owns 877,380 shares of the financial services provider's stock worth $7,300,000 after purchasing an additional 150,950 shares during the last quarter. M&T Bank Corp bought a new stake in Kennedy-Wilson in the fourth quarter worth $8,961,000. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in Kennedy-Wilson by 916.0% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider's stock worth $21,601,000 after purchasing an additional 2,493,628 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Stock Up 0.1%

NYSE KW opened at $10.90 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 5.75. The company has a fifty day moving average of $10.88 and a two-hundred day moving average of $9.98. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -37.57 and a beta of 0.88. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $10.99.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Kennedy-Wilson's payout ratio is presently -165.52%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Kennedy-Wilson from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $11.00.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.

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