Fox Run Management L.L.C. Acquires 36,747 Shares of Kennedy-Wilson Holdings Inc. $KW

Key Points

• Fox Run Management L.L.C. increased its stake in Kennedy-Wilson Holdings Inc. by 273.7% during the first quarter, acquiring an additional 36,747 shares to own a total of 50,175 shares worth approximately $436,000.
• Several institutional investors significantly boosted their holdings in Kennedy-Wilson, with Sterling Capital Management LLC raising its stake by 822.3%.
• Kennedy-Wilson recently declared a quarterly dividend of $0.12 per share, set to be paid on October 9th, reflecting an annualized dividend yield of 6.0%.

Fox Run Management L.L.C. grew its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 273.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,175 shares of the financial services provider's stock after acquiring an additional 36,747 shares during the period. Fox Run Management L.L.C.'s holdings in Kennedy-Wilson were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KW. Raymond James Financial Inc. acquired a new stake in Kennedy-Wilson during the 4th quarter worth about $2,801,000. Northern Trust Corp grew 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 acquiring an additional 241,943 shares during the period. ACR Alpine Capital Research LLC acquired a new stake in shares of Kennedy-Wilson in the 1st quarter valued at about $985,000. GSA Capital Partners LLP grew its stake in shares of Kennedy-Wilson by 233.1% in 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 buying an additional 98,848 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Kennedy-Wilson by 31.3% in the 4th quarter. JPMorgan Chase & Co. now owns 389,018 shares of the financial services provider's stock valued at $3,886,000 after buying an additional 92,736 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Performance

Shares of Kennedy-Wilson stock traded up $0.5050 during mid-day trading on Friday, hitting $8.5050. 920,761 shares of the stock were exchanged, compared to its average volume of 836,119. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The company has a 50-day simple moving average of $7.40 and a 200 day simple moving average of $7.56. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $1.17 billion, a P/E ratio of -12.69, a P/E/G ratio of 2.54 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued 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 company had revenue of $135.70 million during the quarter, compared to analyst estimates of $229.98 million. Sell-side analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 5.6%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson's payout ratio 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 note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kennedy-Wilson presently has an average rating of "Hold" and an average target price 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.