LDR Capital Management LLC Buys 60,285 Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW)

LDR Capital Management LLC grew its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 32.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,124 shares of the financial services provider's stock after buying an additional 60,285 shares during the period. Kennedy-Wilson accounts for about 2.6% of LDR Capital Management LLC's portfolio, making the stock its 19th biggest holding. LDR Capital Management LLC owned approximately 0.18% of Kennedy-Wilson worth $2,119,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KW. Royce & Associates LP increased 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 purchasing an additional 325,737 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Kennedy-Wilson by 17.5% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock worth $19,756,000 after buying an additional 64,352 shares in the last quarter. Northern Trust Corp raised its position 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 purchasing an additional 241,943 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Kennedy-Wilson by 10.3% during the 4th quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock valued at $8,582,000 after purchasing an additional 79,907 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kennedy-Wilson Stock Up 0.6%

KW stock opened at $6.58 on Wednesday. The stock has a market capitalization of $909.95 million, a P/E ratio of -6.27 and a beta of 1.06. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05. Kennedy-Wilson Holdings Inc. has a one year low of $5.98 and a one year high of $11.88. The company has a 50 day moving average price of $6.51 and a two-hundred day moving average price of $8.37.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced 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). The company had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. As a group, sell-side analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's dividend payout ratio is currently -45.71%.

Insider Transactions at Kennedy-Wilson

In other news, CEO William J. Mcmorrow acquired 200,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the acquisition, the chief executive officer now owns 8,049,517 shares in the company, valued at approximately $51,194,928.12. This represents a 2.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.73% of the company's stock.

About Kennedy-Wilson

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.

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