Legato Capital Management LLC Purchases New Holdings in Kennedy-Wilson Holdings Inc. $KW

Legato Capital Management LLC purchased a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 47,175 shares of the financial services provider’s stock, valued at approximately $456,000.

A number of other large investors also recently bought and sold shares of KW. State of Wyoming purchased a new position in Kennedy-Wilson in the second quarter worth about $58,000. Advisory Services Network LLC bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $71,000. Mercer Global Advisors Inc. ADV purchased a new position in Kennedy-Wilson in the 3rd quarter worth approximately $86,000. Dynamic Technology Lab Private Ltd purchased a new position in Kennedy-Wilson in the 1st quarter worth approximately $92,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Kennedy-Wilson in the 3rd quarter worth approximately $88,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $11.03 on Thursday. Kennedy-Wilson Holdings Inc. has a twelve month low of $6.20 and a twelve month high of $11.09. The firm has a market cap of $1.54 billion, a P/E ratio of 100.24 and a beta of 0.88. The company has a 50 day moving average of $10.93 and a 200 day moving average of $10.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26.

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

Kennedy-Wilson Dividend Announcement

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

Analysts Set New Price Targets

Separately, 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’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price 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.