Kennedy-Wilson Holdings Inc. $KW Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Kennedy-Wilson Holdings Inc. by 27.3%, now holding 374,758 shares valued at $3.25 million.
• Kennedy-Wilson has reported a quarterly earnings per share of $0.17, exceeding analysts' expectations, while its recent stock price is $7.96, down 1.7% from previous levels.
• The company announced a quarterly dividend of $0.12 per share with a dividend yield of 6.0%, but has a negative payout ratio of -71.64%.

Public Sector Pension Investment Board grew its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 374,758 shares of the financial services provider's stock after purchasing an additional 80,326 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Kennedy-Wilson worth $3,253,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KW. JPMorgan Chase & Co. boosted its stake in shares of Kennedy-Wilson by 31.3% during the fourth quarter. JPMorgan Chase & Co. now owns 389,018 shares of the financial services provider's stock worth $3,886,000 after buying an additional 92,736 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Kennedy-Wilson by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 67,480 shares of the financial services provider's stock worth $674,000 after buying an additional 14,544 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Kennedy-Wilson by 26.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 93,945 shares of the financial services provider's stock worth $939,000 after buying an additional 19,481 shares during the period. Invesco Ltd. boosted its stake in shares of Kennedy-Wilson by 10.3% during the fourth quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock worth $8,582,000 after buying an additional 79,907 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Kennedy-Wilson during the fourth quarter worth about $2,801,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Stock Performance

NYSE:KW traded up $0.5050 during mid-day trading on Friday, reaching $8.5050. The stock had a trading volume of 920,761 shares, compared to its average volume of 836,119. 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 firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -12.69, a PEG ratio of 2.54 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a twelve month low of $5.98 and a twelve month high of $11.88. The business has a 50 day simple moving average of $7.40 and a 200 day simple moving average of $7.56.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced 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. The firm had revenue of $135.70 million during the quarter, compared to the consensus estimate of $229.98 million. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. On average, analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a $0.12 dividend. The ex-dividend date 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 (DPR) is presently -71.64%.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.