Royce & Associates LP Sells 568,631 Shares of Kennedy-Wilson Holdings Inc. $KW

Royce & Associates LP lowered its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 18.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,528,616 shares of the financial services provider’s stock after selling 568,631 shares during the quarter. Royce & Associates LP’s holdings in Kennedy-Wilson were worth $21,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KW. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Kennedy-Wilson by 10.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,740 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 1,645 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Kennedy-Wilson by 4.9% during the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 2,047 shares during the last quarter. CWM LLC grew its position in shares of Kennedy-Wilson by 98.9% during the third quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 2,327 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Kennedy-Wilson by 18.2% in the third quarter. Inscription Capital LLC now owns 17,096 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 2,628 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kennedy-Wilson by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 2,952 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 0.4%

KW stock opened at $10.88 on Monday. Kennedy-Wilson Holdings Inc. has a twelve month low of $5.98 and a twelve month high of $10.95. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -37.50 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 0.79 and a debt-to-equity ratio of 5.75. The firm’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.21.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Kennedy-Wilson’s dividend payout ratio is -165.52%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KW. JPMorgan Chase & Co. restated an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kennedy-Wilson in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $11.00.

Kennedy-Wilson 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.