Kennedy-Wilson (NYSE:KW) Shares Gap Up on Insider Buying Activity

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $8.63, but opened at $8.81. Kennedy-Wilson shares last traded at $8.83, with a volume of 73,488 shares.

Specifically, Director Stanley R. Zax acquired 41,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the transaction, the director now owns 547,400 shares of the company's stock, valued at $4,685,744. The trade was a 8.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 price target on the stock. StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

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Kennedy-Wilson Stock Up 2.4 %

The business has a fifty day moving average of $9.10 and a 200 day moving average of $10.21. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.25 billion, a P/E ratio of -3.51, a P/E/G ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.30%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson's payout ratio is -85.71%.

Institutional Investors Weigh In On Kennedy-Wilson

Several large investors have recently bought and sold shares of KW. FMR LLC increased its holdings in shares of Kennedy-Wilson by 7.9% in the third quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock worth $179,000 after acquiring an additional 1,182 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Kennedy-Wilson by 13.3% during the third quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock worth $159,000 after buying an additional 1,686 shares during the period. KBC Group NV grew its stake in shares of Kennedy-Wilson by 53.1% during the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,693 shares in the last quarter. Van ECK Associates Corp grew its position in Kennedy-Wilson by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 1,995 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kennedy-Wilson by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider's stock valued at $646,000 after acquiring an additional 2,054 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

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.