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Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Sold by CenterBook Partners LP

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Key Points

  • CenterBook Partners LP reduced its stake in Kennedy-Wilson Holdings by 32.1% during the first quarter, now holding 82,191 shares worth $713,000 after selling 38,781 shares.
  • Kennedy-Wilson recently announced a quarterly dividend of $0.12 per share, yielding approximately 6.5% annually, with a payout ratio of -71.64%.
  • The stock opened at $7.44 and has a market capitalization of $1.03 billion, with a 12-month low of $5.98 and a high of $11.88.
  • Need Better Tools to Track Kennedy-Wilson? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

CenterBook Partners LP lessened its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 32.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,191 shares of the financial services provider's stock after selling 38,781 shares during the period. CenterBook Partners LP's holdings in Kennedy-Wilson were worth $713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KW. Raymond James Financial Inc. purchased a new position in Kennedy-Wilson during the fourth quarter valued at approximately $2,801,000. Northern Trust Corp increased its holdings in Kennedy-Wilson by 18.2% during the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock valued at $15,704,000 after buying an additional 241,943 shares during the period. Norges Bank purchased a new position in Kennedy-Wilson during the fourth quarter valued at approximately $1,681,000. ACR Alpine Capital Research LLC purchased a new position in Kennedy-Wilson during the first quarter valued at approximately $985,000. Finally, GSA Capital Partners LLP increased its holdings in Kennedy-Wilson by 233.1% during the first quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider's stock valued at $1,226,000 after buying an additional 98,848 shares during the period. Institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a report on Saturday.

Check Out Our Latest Report on Kennedy-Wilson

Insider Activity at Kennedy-Wilson

In related news, CEO William J. Mcmorrow acquired 200,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the purchase, the chief executive officer owned 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.30% of the company's stock.

Kennedy-Wilson Stock Up 1.8%

NYSE KW traded up $0.13 on Friday, hitting $7.59. The stock had a trading volume of 1,399,805 shares, compared to its average volume of 803,842. The business's fifty day moving average price is $7.09 and its 200 day moving average price is $7.62. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 1.05. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -11.33, a price-to-earnings-growth ratio of 26.55 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping 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 business had revenue of $135.70 million for the quarter, compared to analyst estimates of $229.98 million. Equities research analysts anticipate 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, October 9th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson's payout ratio is presently -71.64%.

Kennedy-Wilson Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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