Anson Funds Management LP Acquires Shares of 54,912 Kennedy-Wilson Holdings Inc. $KW

Key Points

• Anson Funds Management LP has invested approximately $477,000 in Kennedy-Wilson Holdings Inc., acquiring 54,912 shares of the financial services provider during the first quarter.
• Kennedy-Wilson announced a quarterly dividend of $0.12 per share that will be paid on October 9th, representing an annualized yield of 5.4%.
• Shares of Kennedy-Wilson are currently rated as a "hold" by analysts, with a consensus price target set at $9.00.

Anson Funds Management LP acquired a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,912 shares of the financial services provider's stock, valued at approximately $477,000.

Several other hedge funds and other institutional investors have also modified their holdings of KW. Northern Trust Corp increased its holdings 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 valued at $15,704,000 after acquiring an additional 241,943 shares during the last quarter. Jane Street Group LLC boosted its stake in Kennedy-Wilson by 756.4% during the 1st quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider's stock valued at $1,819,000 after purchasing an additional 185,083 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Kennedy-Wilson in the 1st quarter valued at approximately $1,600,000. ACR Alpine Capital Research LLC acquired a new position in shares of Kennedy-Wilson in the 1st quarter worth approximately $985,000. Finally, GSA Capital Partners LLP increased its holdings in Kennedy-Wilson by 233.1% during the 1st quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider's stock valued at $1,226,000 after purchasing an additional 98,848 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Trading Down 1.0%

Shares of KW stock traded down $0.09 during trading hours on Tuesday, reaching $8.75. 218,743 shares of the stock were exchanged, compared to its average volume of 864,081. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -13.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $11.88. The company's 50-day moving average price is $8.00 and its 200-day moving average price is $7.50.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $135.70 million during the quarter, compared to analyst estimates of $229.98 million. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. As a group, equities analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The company 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 annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is presently -71.64%.

Analyst Ratings Changes

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

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.