Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Update

Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,320,000 shares, a drop of 13.2% from the July 15th total of 6,130,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 817,900 shares, the days-to-cover ratio is currently 6.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KW shares. JPMorgan Chase & Co. raised their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KW. Gladius Capital Management LP boosted its position in Kennedy-Wilson by 313.0% during the 4th quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,656 shares during the period. Quadrant Capital Group LLC boosted its position in Kennedy-Wilson by 131.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,259 shares during the period. GAMMA Investing LLC boosted its position in Kennedy-Wilson by 229.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 2,029 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Kennedy-Wilson by 68.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,346 shares during the period. Finally, Simplex Trading LLC acquired a new position in Kennedy-Wilson during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Down 0.3 %

NYSE KW traded down $0.03 during mid-day trading on Friday, reaching $10.40. 534,603 shares of the company’s stock traded hands, compared to its average volume of 1,085,786. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $16.63. The company has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.49. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -5.28 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The firm had revenue of $132.00 million during the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. Kennedy-Wilson’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Kennedy-Wilson will post -0.03 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 4.62%. Kennedy-Wilson’s payout ratio is -24.37%.

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.