Kennedy-Wilson Holdings Inc. (NYSE:KW) Short Interest Update

Kennedy-Wilson Holdings Inc. (NYSE:KW) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,927,693 shares, a decrease of 22.7% from the February 12th total of 3,786,502 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,428,874 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 3,428,874 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

KW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $11.00 price target on shares of Kennedy-Wilson in a report on Thursday, December 18th. Weiss Ratings upgraded shares of Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.00.

Institutional Trading of Kennedy-Wilson

A number of hedge funds have recently modified their holdings of the business. Brooklyn Investment Group grew its holdings in shares of Kennedy-Wilson by 6.9% during the fourth quarter. Brooklyn Investment Group now owns 16,382 shares of the financial services provider’s stock valued at $160,000 after buying an additional 1,057 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Kennedy-Wilson by 10.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,740 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,645 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Kennedy-Wilson by 6.4% during the third quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 1,863 shares during the period. Barclays PLC boosted its holdings in shares of Kennedy-Wilson by 0.9% during the fourth quarter. Barclays PLC now owns 201,427 shares of the financial services provider’s stock worth $1,948,000 after purchasing an additional 1,867 shares during the period. Finally, Aberdeen Group plc grew its position in Kennedy-Wilson by 4.9% during the fourth quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 1,980 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 0.0%

Shares of Kennedy-Wilson stock traded down $0.01 on Monday, reaching $10.87. 934,982 shares of the company were exchanged, compared to its average volume of 2,461,947. Kennedy-Wilson has a fifty-two week low of $5.98 and a fifty-two week high of $10.99. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -37.46 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 5.75. The stock has a fifty day moving average price of $10.28 and a 200-day moving average price of $9.41.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 31st. Kennedy-Wilson’s dividend payout ratio is -165.52%.

About Kennedy-Wilson

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.