Kennedy-Wilson Holdings Inc. $KW Position Increased by Old West Investment Management LLC

Old West Investment Management LLC boosted its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 726,430 shares of the financial services provider’s stock after purchasing an additional 85,210 shares during the period. Kennedy-Wilson accounts for approximately 1.6% of Old West Investment Management LLC’s portfolio, making the stock its 21st biggest position. Old West Investment Management LLC’s holdings in Kennedy-Wilson were worth $4,940,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Kennedy-Wilson by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,388 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kennedy-Wilson in the 1st quarter valued at approximately $92,000. Versor Investments LP acquired a new position in Kennedy-Wilson in the first quarter worth approximately $115,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kennedy-Wilson during the first quarter valued at approximately $131,000. Finally, Teacher Retirement System of Texas acquired a new stake in Kennedy-Wilson in the first quarter valued at approximately $139,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KW shares. JPMorgan Chase & Co. dropped their price target on shares of Kennedy-Wilson from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings upgraded shares of Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised shares of Kennedy-Wilson from a “sell” rating to a “buy” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Kennedy-Wilson has a consensus rating of “Hold” and a consensus price target of $10.00.

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock opened at $9.60 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. The firm has a fifty day simple moving average of $8.37 and a 200-day simple moving average of $7.58. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -14.33, a PEG ratio of 2.37 and a beta of 1.16. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.78.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, December 31st. Kennedy-Wilson’s dividend payout ratio is -184.62%.

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.