Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Buys $350,960.00 in Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the transaction, the director now owns 547,400 shares of the company’s stock, valued at $4,685,744. This trade represents a 8.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kennedy-Wilson Trading Down 1.0 %

Shares of Kennedy-Wilson stock opened at $8.83 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of -3.42, a PEG ratio of 0.54 and a beta of 1.14. The firm has a 50-day moving average of $9.10 and a 200-day moving average of $10.23. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $11.88. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 target price for the company. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc acquired a new position in Kennedy-Wilson in the third quarter valued at about $735,000. Harbor Capital Advisors Inc. raised its stake in Kennedy-Wilson by 22.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider’s stock valued at $7,503,000 after purchasing an additional 135,559 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after purchasing an additional 53,185 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Kennedy-Wilson by 183.5% in the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 191,790 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Kennedy-Wilson by 2.1% in the third quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider’s stock valued at $2,931,000 after purchasing an additional 5,477 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

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.