Royce & Associates LP Purchases 544,495 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Royce & Associates LP increased its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 6.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,973,874 shares of the financial services provider’s stock after purchasing an additional 544,495 shares during the quarter. Kennedy-Wilson accounts for about 0.9% of Royce & Associates LP’s investment portfolio, making the stock its 5th largest holding. Royce & Associates LP owned approximately 6.53% of Kennedy-Wilson worth $99,161,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of 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 Kennedy-Wilson by 68.2% in 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 in the last quarter. Quarry LP purchased a new position in Kennedy-Wilson in the second quarter valued at about $45,000. KBC Group NV lifted its stake in shares of Kennedy-Wilson by 53.1% during 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Kennedy-Wilson by 298.1% in the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock worth $57,000 after buying an additional 4,320 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Stock Performance

Shares of NYSE KW opened at $10.82 on Friday. 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 Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.27. The business has a 50 day moving average price of $11.01 and a two-hundred day moving average price of $10.43.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

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.