Everence Capital Management Inc. Purchases 9,420 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Everence Capital Management Inc. raised its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 43.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,250 shares of the financial services provider’s stock after buying an additional 9,420 shares during the quarter. Everence Capital Management Inc.’s holdings in Kennedy-Wilson were worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in shares of Kennedy-Wilson by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 184,564 shares of the financial services provider’s stock valued at $2,903,000 after purchasing an additional 560 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Kennedy-Wilson by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 57,469 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 590 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Kennedy-Wilson by 2.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 41,723 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 858 shares during the period. FMR LLC raised its stake in shares of Kennedy-Wilson by 34.8% during the 1st quarter. FMR LLC now owns 5,090 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,315 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Kennedy-Wilson by 3.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 35,319 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 1,325 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

Kennedy-Wilson Price Performance

KW opened at $8.38 on Friday. The stock has a 50-day moving average price of $8.75 and a 200-day moving average price of $10.93. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $17.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.25.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. The firm had revenue of $140.10 million during the quarter. As a group, equities analysts expect that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 11.46%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio is presently -39.02%.

Kennedy-Wilson 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.