Royce & Associates LP Increases Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Royce & Associates LP increased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 6.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,973,874 shares of the financial services provider's stock after acquiring an additional 544,495 shares during the period. Kennedy-Wilson comprises about 0.9% of Royce & Associates LP's portfolio, making the stock its 5th biggest position. Royce & Associates LP owned about 6.53% of Kennedy-Wilson worth $99,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KW. Harbor Capital Advisors Inc. raised its position in Kennedy-Wilson by 225.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider's stock worth $6,801,000 after purchasing an additional 426,495 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Kennedy-Wilson by 31.1% in the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider's stock worth $7,448,000 after acquiring an additional 205,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Kennedy-Wilson by 156.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider's stock valued at $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 3rd quarter valued at approximately $1,996,000. Finally, Marshall Wace LLP bought a new position in Kennedy-Wilson during the 2nd quarter worth approximately $1,721,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Ratings Changes

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

Kennedy-Wilson Price Performance

NYSE:KW remained flat at $10.82 during trading hours on Friday. 451,158 shares of the company's stock were exchanged, compared to its average volume of 937,863. The stock has a fifty day moving average price of $11.01 and a 200-day moving average price of $10.43. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $13.27. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -4.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.44%. Kennedy-Wilson's payout ratio is currently -18.60%.

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.