Kennedy-Wilson Holdings Inc. $KW Stock Holdings Lessened by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Kennedy-Wilson Holdings Inc. by 32.9%, selling 282,243 shares, and now owns approximately 0.34% of the company, valued at $5,007,000.
• Kennedy-Wilson recently reported quarterly earnings of $0.17 per share, surpassing analyst expectations, while also announcing a quarterly dividend of $0.12 per share, equating to an annual yield of 5.5%.
• Wall Street has upgraded Kennedy-Wilson's rating from "sell" to "buy," with a consensus target price set at $9.00.

Invesco Ltd. lowered its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 32.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 576,792 shares of the financial services provider's stock after selling 282,243 shares during the period. Invesco Ltd. owned 0.34% of Kennedy-Wilson worth $5,007,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sherbrooke Park Advisers LLC bought a new position in shares of Kennedy-Wilson during the fourth quarter worth about $114,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kennedy-Wilson during the first quarter worth about $131,000. Teacher Retirement System of Texas bought a new position in shares of Kennedy-Wilson during the first quarter worth about $139,000. Ethic Inc. bought a new position in shares of Kennedy-Wilson during the fourth quarter worth about $188,000. Finally, Legacy Capital Group California Inc. grew its position in Kennedy-Wilson by 18.0% in the 1st quarter. Legacy Capital Group California Inc. now owns 22,979 shares of the financial services provider's stock valued at $199,000 after buying an additional 3,513 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Trading Down 3.0%

KW stock traded down $0.26 during mid-day trading on Tuesday, reaching $8.54. 785,742 shares of the stock traded hands, compared to its average volume of 783,376. 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 52-week low of $5.98 and a 52-week high of $11.88. The company has a market cap of $1.18 billion, a P/E ratio of -12.74, a P/E/G ratio of 2.79 and a beta of 1.16. The stock's fifty day moving average is $7.67 and its 200-day moving average is $7.53.

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 analysts' consensus estimates 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. As a group, sell-side analysts expect 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. Shareholders of record on Tuesday, September 30th will be paid 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 currently -71.64%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.