53,200 Shares in Kennedy-Wilson Holdings Inc. $KW Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,200 shares of the financial services provider’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of Kennedy-Wilson by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock worth $45,686,000 after buying an additional 131,145 shares in the last quarter. Mackenzie Financial Corp grew its stake in Kennedy-Wilson by 0.7% during the 3rd quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider’s stock valued at $36,932,000 after acquiring an additional 29,241 shares in the last quarter. Alberta Investment Management Corp raised its holdings in Kennedy-Wilson by 44.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider’s stock valued at $39,650,000 after acquiring an additional 1,255,245 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kennedy-Wilson by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock worth $30,224,000 after purchasing an additional 33,798 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Kennedy-Wilson by 5.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,725,276 shares of the financial services provider’s stock worth $26,353,000 after purchasing an additional 140,351 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

KW stock opened at $10.92 on Wednesday. The firm has a market cap of $1.52 billion, a PE ratio of 99.28 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $10.97 and its 200-day moving average price is $10.59. Kennedy-Wilson Holdings Inc. has a one year low of $6.48 and a one year high of $11.09.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 436.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kennedy-Wilson in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $11.00.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.