Public Sector Pension Investment Board Increases Position in Kennedy-Wilson Holdings Inc. $KW

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 stake in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,758 shares of the financial services provider's stock after buying an additional 80,326 shares during the period. Public Sector Pension Investment Board owned 0.22% of Kennedy-Wilson worth $3,253,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KW. Charles Schwab Investment Management Inc. boosted its stake in Kennedy-Wilson by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,987,697 shares of the financial services provider's stock worth $17,253,000 after purchasing an additional 10,074 shares during the period. Legacy Capital Group California Inc. boosted its stake in Kennedy-Wilson by 18.0% during the 1st quarter. Legacy Capital Group California Inc. now owns 22,979 shares of the financial services provider's stock worth $199,000 after purchasing an additional 3,513 shares during the period. US Bancorp DE boosted its stake in Kennedy-Wilson by 2,052.0% during the 1st quarter. US Bancorp DE now owns 83,779 shares of the financial services provider's stock worth $727,000 after purchasing an additional 79,886 shares during the period. XTX Topco Ltd boosted its stake in Kennedy-Wilson by 186.5% during the 1st quarter. XTX Topco Ltd now owns 43,346 shares of the financial services provider's stock worth $376,000 after purchasing an additional 28,216 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Kennedy-Wilson by 233.1% during the 1st quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider's stock worth $1,226,000 after purchasing an additional 98,848 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock traded up $0.5050 during trading hours on Friday, reaching $8.5050. 920,761 shares of the stock were exchanged, compared to its average volume of 857,086. The stock has a market cap of $1.17 billion, a P/E ratio of -12.69, a P/E/G ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The firm's 50 day moving average is $7.40 and its 200 day moving average is $7.53.

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, topping analysts' consensus estimates of $0.07 by $0.10. The company 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%. Analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 EPS 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.12 per share. 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 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kennedy-Wilson has an average rating of "Hold" and an average price target of $9.00.

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.