LDR Capital Management LLC Increases Stock Position in 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 its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,124 shares of the financial services provider's stock after buying an additional 60,285 shares during the period. Kennedy-Wilson makes up 2.6% of LDR Capital Management LLC's portfolio, making the stock its 19th largest holding. LDR Capital Management LLC owned approximately 0.18% of Kennedy-Wilson worth $2,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KW. Van ECK Associates Corp boosted its stake in shares of Kennedy-Wilson by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after purchasing an additional 1,995 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Kennedy-Wilson by 5.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 189,798 shares of the financial services provider's stock worth $1,896,000 after purchasing an additional 9,144 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Kennedy-Wilson by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider's stock worth $5,723,000 after purchasing an additional 16,090 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock worth $26,477,000 after purchasing an additional 395,000 shares during the period. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Kennedy-Wilson by 12.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider's stock worth $194,000 after purchasing an additional 2,206 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow purchased 200,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was purchased at an average price of $6.36 per share, with a total value of $1,272,000.00. Following the transaction, the chief executive officer now owns 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on KW. Wall Street Zen raised shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.

Kennedy-Wilson Trading Up 1.1%

Kennedy-Wilson stock traded up $0.07 during trading hours on Friday, hitting $6.69. The company had a trading volume of 1,661,190 shares, compared to its average volume of 729,805. The firm has a market cap of $925.44 million, a P/E ratio of -6.37 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 1 year low of $5.98 and a 1 year high of $11.88. The company has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $8.27.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. The company had revenue of $128.30 million during the quarter, compared to analysts' expectations of $227.14 million. On average, sell-side analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be given a $0.12 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 7.17%. Kennedy-Wilson's payout ratio is presently -45.71%.

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.