Atria Investments Inc Takes Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Atria Investments Inc purchased a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 66,482 shares of the financial services provider's stock, valued at approximately $735,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KW. Edgestream Partners L.P. acquired a new position in shares of Kennedy-Wilson during the 1st quarter worth about $774,000. Public Employees Retirement System of Ohio boosted its stake in shares of Kennedy-Wilson by 6,378.2% in the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider's stock valued at $1,477,000 after buying an additional 169,468 shares during the period. Harbor Capital Advisors Inc. grew its position in Kennedy-Wilson by 225.7% during the third quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider's stock worth $6,801,000 after buying an additional 426,495 shares in the last quarter. Old West Investment Management LLC increased its stake in Kennedy-Wilson by 7.9% during the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider's stock worth $6,732,000 after acquiring an additional 50,474 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Kennedy-Wilson by 19.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider's stock valued at $711,000 after acquiring an additional 13,214 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KW shares. JPMorgan Chase & Co. raised their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. StockNews.com downgraded shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd.

Kennedy-Wilson Price Performance

NYSE:KW traded up $0.15 during trading hours on Tuesday, hitting $10.90. The company's stock had a trading volume of 93,157 shares, compared to its average volume of 931,915. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $1.50 billion, a P/E ratio of -4.17, a PEG ratio of 0.66 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $13.27. The stock has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $10.49.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.40%. Kennedy-Wilson's dividend payout ratio (DPR) is presently -18.60%.

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.