Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Down 5.9% in March

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,990,000 shares, a decline of 5.9% from the March 15th total of 8,490,000 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 5.8 days.

Institutional Investors Weigh In On Kennedy-Wilson

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Kennedy-Wilson by 80.8% in the first quarter. BlackRock Inc. now owns 21,516,531 shares of the financial services provider's stock worth $356,959,000 after purchasing an additional 9,617,307 shares during the period. State Street Corp increased its stake in Kennedy-Wilson by 48.4% in the first quarter. State Street Corp now owns 7,247,244 shares of the financial services provider's stock valued at $121,891,000 after acquiring an additional 2,365,203 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Kennedy-Wilson by 318.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,045,046 shares of the financial services provider's stock valued at $25,318,000 after acquiring an additional 1,555,882 shares during the last quarter. Norges Bank bought a new position in Kennedy-Wilson in the fourth quarter valued at $16,017,000. Finally, Invesco Ltd. increased its stake in Kennedy-Wilson by 353.2% in the first quarter. Invesco Ltd. now owns 1,285,675 shares of the financial services provider's stock valued at $31,357,000 after acquiring an additional 1,002,004 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.


Kennedy-Wilson Stock Performance

Shares of NYSE:KW traded down $0.09 during trading on Tuesday, hitting $8.09. 1,017,376 shares of the company were exchanged, compared to its average volume of 1,358,727. The company has a market cap of $1.12 billion, a PE ratio of -3.29 and a beta of 1.06. The stock has a 50 day moving average of $8.80 and a 200 day moving average of $10.97. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $17.43. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.00 and a quick ratio of 1.00.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($1.44). The company had revenue of $140.10 million for the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. As a group, equities research analysts predict that Kennedy-Wilson will post -1.36 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.87%. Kennedy-Wilson's dividend payout ratio is currently -39.02%.

Analysts Set New Price Targets

Separately, TheStreet downgraded Kennedy-Wilson from a "c-" rating to a "d+" rating in a research note on Thursday, February 22nd.

View Our Latest Stock Report on KW

Kennedy-Wilson Company Profile

(Get Free Report)

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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