Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lessened its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 41.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,282 shares of the financial services provider's stock after selling 169,723 shares during the period. Beach Investment Counsel Inc. PA owned about 0.17% of Kennedy-Wilson worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alberta Investment Management Corp lifted its holdings in Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock worth $26,477,000 after buying an additional 395,000 shares during the last quarter. Royce & Associates LP lifted its holdings in Kennedy-Wilson by 3.6% during the 4th quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock worth $92,903,000 after buying an additional 325,737 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Kennedy-Wilson during the 4th quarter worth about $2,801,000. Northern Trust Corp lifted its holdings 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 buying an additional 241,943 shares during the last quarter. Finally, Norges Bank acquired a new stake in Kennedy-Wilson during the fourth quarter worth approximately $1,681,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Stock Performance

Shares of KW traded down $0.09 during mid-day trading on Wednesday, reaching $6.69. 1,156,939 shares of the company's stock were exchanged, compared to its average volume of 839,605. The business's fifty day simple moving average is $6.56 and its 200-day simple moving average is $8.54. The stock has a market capitalization of $924.49 million, a PE ratio of -2.59, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06. Kennedy-Wilson Holdings, Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. The business had revenue of $128.30 million for the quarter, compared to analyst estimates of $227.14 million. On average, equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.18%. Kennedy-Wilson's payout ratio is -45.71%.

Insider Buying and Selling at Kennedy-Wilson

In other news, Director Stanley R. Zax purchased 41,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the transaction, the director now owns 547,400 shares in the company, valued at approximately $4,685,744. The trade was a 8.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.

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.