Stanley R. Zax Buys 41,000 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) Director Stanley R. Zax purchased 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the transaction, the director now owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kennedy-Wilson Trading Down 1.0 %

Shares of NYSE:KW traded down $0.09 during midday trading on Friday, reaching $8.83. The company had a trading volume of 1,869,722 shares, compared to its average volume of 687,634. The company has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $10.23. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -3.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $11.88. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson's payout ratio is -85.71%.

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Institutional Investors Weigh In On Kennedy-Wilson

A number of large investors have recently made changes to their positions in KW. Sterling Capital Management LLC grew its position in Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after purchasing an additional 3,248 shares in the last quarter. KBC Group NV lifted its position in shares of Kennedy-Wilson by 53.1% in the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,693 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Kennedy-Wilson by 181.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 3,755 shares in the last quarter. Cibc World Markets Corp acquired a new position in Kennedy-Wilson in the 4th quarter valued at approximately $106,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Kennedy-Wilson in the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KW. StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 target price for the company.

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.