Proficio Capital Partners LLC Makes New $370,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Proficio Capital Partners LLC purchased a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,013 shares of the financial services provider's stock, valued at approximately $370,000.

A number of other institutional investors have also made changes to their positions in KW. Atria Investments Inc bought a new stake in Kennedy-Wilson in the 3rd quarter valued at $735,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Kennedy-Wilson during the third quarter valued at about $1,996,000. Harbor Capital Advisors Inc. lifted its stake in shares of Kennedy-Wilson by 22.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock valued at $7,503,000 after buying an additional 135,559 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kennedy-Wilson by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider's stock worth $21,142,000 after buying an additional 53,185 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock valued at $3,274,000 after acquiring an additional 191,790 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on KW shares. StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company.

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Kennedy-Wilson Price Performance

NYSE KW traded down $0.45 on Tuesday, reaching $8.99. The company's stock had a trading volume of 873,078 shares, compared to its average volume of 743,457. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $11.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.24 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The business has a 50-day moving average price of $9.25 and a 200 day moving average price of $10.36.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson's dividend payout ratio (DPR) is -85.71%.

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.