Kennedy-Wilson Holdings, Inc. (NYSE:KW) Sees Significant Decrease in Short Interest

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 4,580,000 shares, a decrease of 6.5% from the September 15th total of 4,900,000 shares. Based on an average trading volume of 627,900 shares, the short-interest ratio is currently 7.3 days. Currently, 4.0% of the shares of the stock are short sold.

Kennedy-Wilson Price Performance

Shares of NYSE:KW traded up $0.46 during midday trading on Wednesday, hitting $11.22. The company's stock had a trading volume of 475,856 shares, compared to its average volume of 984,043. The company has a market cap of $1.54 billion, a P/E ratio of -5.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Kennedy-Wilson has a 12-month low of $7.85 and a 12-month high of $14.13. The business's 50 day simple moving average is $10.86 and its 200 day simple moving average is $10.06. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business had revenue of $132.00 million for the quarter, compared to analysts' expectations of $100.66 million. During the same period in the previous year, the firm posted $0.28 EPS. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts forecast that Kennedy-Wilson will post 2.88 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Monday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is presently -24.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp increased its stake in Kennedy-Wilson by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 103,185 shares of the financial services provider's stock worth $885,000 after acquiring an additional 1,309 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Kennedy-Wilson by 68.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,346 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Kennedy-Wilson by 2.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider's stock valued at $583,000 after buying an additional 1,352 shares during the period. Delta Investment Management LLC raised its holdings in Kennedy-Wilson by 6.1% in the 2nd quarter. Delta Investment Management LLC now owns 26,071 shares of the financial services provider's stock valued at $253,000 after buying an additional 1,500 shares during the period. Finally, GAMMA Investing LLC lifted its position in Kennedy-Wilson by 229.3% in the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider's stock valued at $28,000 after buying an additional 2,029 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

KW has been the topic of several research analyst reports. StockNews.com cut Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. JPMorgan Chase & Co. raised their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th.

Kennedy-Wilson Company 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.