Quest Partners LLC Has $1.65 Million Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Quest Partners LLC increased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 580.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,357 shares of the financial services provider's stock after buying an additional 127,423 shares during the quarter. Quest Partners LLC owned about 0.11% of Kennedy-Wilson worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KW. Royce & Associates LP grew its stake in shares of Kennedy-Wilson by 6.5% in the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider's stock valued at $99,161,000 after purchasing an additional 544,495 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake 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 acquiring an additional 426,495 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Kennedy-Wilson by 156.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider's stock worth $3,113,000 after acquiring an additional 195,300 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Kennedy-Wilson during the third quarter worth about $1,996,000. Finally, Marshall Wace LLP acquired a new stake in shares of Kennedy-Wilson in the second quarter valued at about $1,721,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Price Performance

Shares of KW traded up $0.31 during trading hours on Tuesday, hitting $11.06. 317,090 shares of the company were exchanged, compared to its average volume of 932,915. The company has a market capitalization of $1.52 billion, a PE ratio of -4.17, a PEG ratio of 0.66 and a beta of 1.10. The firm has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $10.49. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $13.27.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.34%. Kennedy-Wilson's dividend payout ratio (DPR) is currently -18.60%.

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.