Healthcare of Ontario Pension Plan Trust Fund Purchases 195,300 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 156.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 320,300 shares of the financial services provider's stock after purchasing an additional 195,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.23% of Kennedy-Wilson worth $3,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KW. ProShare Advisors LLC lifted its position in Kennedy-Wilson by 31.1% during the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider's stock valued at $7,448,000 after purchasing an additional 205,890 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Kennedy-Wilson during the 1st quarter valued at approximately $774,000. BNP Paribas Financial Markets grew its stake in shares of Kennedy-Wilson by 1,238.7% during the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider's stock valued at $6,047,000 after acquiring an additional 652,116 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Kennedy-Wilson by 6,378.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider's stock worth $1,477,000 after acquiring an additional 169,468 shares in the last quarter. Finally, Old West Investment Management LLC raised its stake in Kennedy-Wilson by 7.9% during the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider's stock worth $6,732,000 after acquiring an additional 50,474 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KW shares. JPMorgan Chase & Co. upped their price target on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. StockNews.com lowered Kennedy-Wilson from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd.

Kennedy-Wilson Price Performance

Shares of KW stock traded down $0.05 during mid-day trading on Monday, hitting $10.82. The company had a trading volume of 393,231 shares, compared to its average volume of 1,004,765. The company has a market capitalization of $1.49 billion, a P/E ratio of -5.49, a P/E/G ratio of 0.67 and a beta of 1.10. The stock's 50 day moving average price is $10.78 and its 200-day moving average price is $9.93. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $14.50. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick 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 (EPS) 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 firm 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 earnings per share. The business's revenue was down 9.9% compared to the same quarter last year. Equities research analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. Kennedy-Wilson's dividend payout ratio is currently -24.37%.

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.