CenterBook Partners LP Has $1.21 Million Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

CenterBook Partners LP trimmed its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,972 shares of the financial services provider's stock after selling 38,819 shares during the quarter. CenterBook Partners LP owned 0.09% of Kennedy-Wilson worth $1,209,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of KW. Harbor Capital Advisors Inc. boosted its stake in Kennedy-Wilson by 22.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock valued at $7,503,000 after acquiring an additional 135,559 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock valued at $3,274,000 after acquiring an additional 191,790 shares during the period. Jane Street Group LLC grew its position in shares of Kennedy-Wilson by 2.1% during the third quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider's stock worth $2,931,000 after acquiring an additional 5,477 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Kennedy-Wilson by 181.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock worth $58,000 after acquiring an additional 3,755 shares during the period. Finally, FMR LLC lifted its position in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

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Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price target on the stock.

Insider Buying and Selling at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares in the company, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley R. Zax purchased 41,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the purchase, the director now directly owns 547,400 shares of the company's stock, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 22.73% of the company's stock.

Kennedy-Wilson Price Performance

Shares of NYSE KW traded down $0.05 during mid-day trading on Tuesday, reaching $6.75. The company had a trading volume of 633,853 shares, compared to its average volume of 694,250. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 1-year low of $6.34 and a 1-year high of $11.88. The stock has a market cap of $930.86 million, a PE ratio of -2.61, a P/E/G ratio of 0.54 and a beta of 0.98. The company has a 50-day moving average price of $8.64 and a two-hundred day moving average price of $9.82.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.12%. The ex-dividend date was Monday, March 31st. Kennedy-Wilson's dividend payout ratio is currently -85.71%.

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.