Harbor Capital Advisors Inc. boosted its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 751,055 shares of the financial services provider's stock after buying an additional 135,559 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.55% of Kennedy-Wilson worth $7,503,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in Kennedy-Wilson during the second quarter worth $45,000. KBC Group NV raised its holdings in shares of Kennedy-Wilson by 53.1% during the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,693 shares during the period. GAMMA Investing LLC increased its stake in Kennedy-Wilson by 102.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,908 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 2,994 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Kennedy-Wilson in the 3rd quarter valued at $116,000. Finally, Algert Global LLC purchased a new position in Kennedy-Wilson in the second quarter worth $109,000. Institutional investors and hedge funds own 87.72% of the company's stock.
Kennedy-Wilson Trading Down 3.9 %
KW stock traded down $0.36 on Friday, reaching $8.89. The company's stock had a trading volume of 692,760 shares, compared to its average volume of 610,343. The firm has a market cap of $1.22 billion, a PE ratio of -3.45, a PEG ratio of 0.70 and a beta of 1.14. The business has a fifty day simple moving average of $10.75 and a two-hundred day simple moving average of $10.67. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $12.02. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.
Kennedy-Wilson Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Tuesday, December 31st. Kennedy-Wilson's dividend payout ratio (DPR) is -18.60%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, December 6th.
Read Our Latest Report on Kennedy-Wilson
About Kennedy-Wilson
(
Free Report)
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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