Rock Point Advisors LLC Has $12.24 Million Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rock Point Advisors LLC trimmed its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,107,960 shares of the financial services provider’s stock after selling 2,485 shares during the quarter. Kennedy-Wilson makes up about 3.3% of Rock Point Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Rock Point Advisors LLC owned about 0.81% of Kennedy-Wilson worth $12,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 2,029 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Kennedy-Wilson by 68.2% during the second 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. Quarry LP bought a new stake in shares of Kennedy-Wilson during the second quarter valued at about $45,000. KBC Group NV lifted its holdings in Kennedy-Wilson by 53.1% in the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,693 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Kennedy-Wilson by 298.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after buying an additional 4,320 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Up 0.4 %

Shares of Kennedy-Wilson stock traded up $0.05 on Tuesday, hitting $11.26. 17,117 shares of the company traded hands, compared to its average volume of 922,506. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $13.27. The company has a 50-day moving average price of $11.00 and a 200 day moving average price of $10.55. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a market cap of $1.55 billion, a PE ratio of -4.35, a PEG ratio of 0.72 and a beta of 1.10.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

Analyst Upgrades and Downgrades

KW has been the topic of several research analyst reports. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. upped their price target on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th.

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.