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. boosted its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 273.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,175 shares of the financial services provider's stock after buying an additional 36,747 shares during the quarter. Fox Run Management L.L.C.'s holdings in Kennedy-Wilson were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Kennedy-Wilson in the fourth quarter valued at about $2,801,000. Northern Trust Corp raised 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 purchasing an additional 241,943 shares during the last quarter. ACR Alpine Capital Research LLC acquired a new position in shares of Kennedy-Wilson in the 1st quarter worth approximately $985,000. GSA Capital Partners LLP raised its stake 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 worth $1,226,000 after buying an additional 98,848 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 purchasing an additional 92,736 shares during the period. 87.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Kennedy-Wilson Stock Performance

KW stock traded up $0.5050 during midday trading on Friday, hitting $8.5050. The company's stock had a trading volume of 920,761 shares, compared to its average volume of 857,086. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -12.69, a PEG ratio of 2.70 and a beta of 1.10. The stock's 50-day moving average price is $7.40 and its 200 day moving average price is $7.53. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73. Kennedy-Wilson Holdings Inc. has a 1 year low of $5.98 and a 1 year high of $11.88.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $229.98 million. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%. On average, equities analysts forecast that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.6%. Kennedy-Wilson's dividend payout ratio is -71.64%.

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.