Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 219,768 shares of the financial services provider’s stock after selling 25,400 shares during the period. Swiss National Bank owned about 0.16% of Kennedy-Wilson worth $2,721,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KW. Simplex Trading LLC purchased a new position in Kennedy-Wilson in the 4th quarter valued at approximately $34,000. NBC Securities Inc. acquired a new position in Kennedy-Wilson in the third quarter valued at $52,000. Delta Investment Management LLC acquired a new position in Kennedy-Wilson in the fourth quarter valued at $187,000. SteelPeak Wealth LLC boosted its stake in Kennedy-Wilson by 33.7% in the third quarter. SteelPeak Wealth LLC now owns 13,453 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 3,391 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Kennedy-Wilson by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 16,773 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on KW. TheStreet downgraded shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a research note on Thursday, February 22nd. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

Kennedy-Wilson Stock Down 0.5 %

KW stock opened at $10.29 on Thursday. The company’s 50 day simple moving average is $8.85 and its 200-day simple moving average is $10.23. The firm has a market capitalization of $1.42 billion, a PE ratio of -5.22 and a beta of 1.04. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $17.43. The company has a debt-to-equity ratio of 5.34, a current ratio of 1.44 and a quick ratio of 1.44.

Kennedy-Wilson (NYSE:KW) last announced its earnings results 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 7.88% and a negative net margin of 41.31%. The firm had revenue of $140.10 million for the quarter. Equities analysts expect that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -48.73%.

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.