ProShare Advisors LLC boosted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW – Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 575,955 shares of the financial services provider’s stock after acquiring an additional 26,840 shares during the period. ProShare Advisors LLC owned 0.41% of Kennedy-Wilson worth $9,555,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Kennedy-Wilson by 80.8% in the first quarter. BlackRock Inc. now owns 21,516,531 shares of the financial services provider’s stock valued at $356,959,000 after buying an additional 9,617,307 shares during the last quarter. State Street Corp lifted its position in Kennedy-Wilson by 48.4% in the first quarter. State Street Corp now owns 7,247,244 shares of the financial services provider’s stock valued at $121,891,000 after buying an additional 2,365,203 shares during the last quarter. Norges Bank acquired a new position in Kennedy-Wilson in the fourth quarter valued at about $16,017,000. Invesco Ltd. lifted its stake in Kennedy-Wilson by 353.2% during the first quarter. Invesco Ltd. now owns 1,285,675 shares of the financial services provider’s stock worth $31,357,000 after purchasing an additional 1,002,004 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kennedy-Wilson by 79.9% during the first quarter. Bank of New York Mellon Corp now owns 1,372,538 shares of the financial services provider’s stock worth $22,770,000 after purchasing an additional 609,671 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Kennedy-Wilson in a research note on Sunday, August 20th. They set a “hold” rating on the stock.
Kennedy-Wilson Stock Up 0.1 %
Shares of KW opened at $16.54 on Friday. The stock has a market capitalization of $2.31 billion, a PE ratio of 63.62 and a beta of 1.17. Kennedy-Wilson Holdings, Inc. has a 1 year low of $13.97 and a 1 year high of $18.90. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $16.34 and its 200-day simple moving average is $16.26.
Kennedy-Wilson (NYSE:KW – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.24. The business had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $129.28 million. Kennedy-Wilson had a net margin of 11.01% and a return on equity of 10.50%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. Analysts forecast that Kennedy-Wilson Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.
Kennedy-Wilson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Thursday, September 28th. Kennedy-Wilson’s dividend payout ratio is currently 369.23%.
About Kennedy-Wilson
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.
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