State of New Jersey Common Pension Fund D Acquires New Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State of New Jersey Common Pension Fund D acquired a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 180,654 shares of the financial services provider's stock, valued at approximately $1,996,000. State of New Jersey Common Pension Fund D owned about 0.13% of Kennedy-Wilson at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KW. Atria Investments Inc bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $735,000. Van ECK Associates Corp increased its position in Kennedy-Wilson by 12.3% in the third quarter. Van ECK Associates Corp now owns 19,542 shares of the financial services provider's stock worth $215,000 after purchasing an additional 2,145 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Kennedy-Wilson by 225.7% in 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 period. abrdn plc grew its holdings in Kennedy-Wilson by 10.5% during the 3rd quarter. abrdn plc now owns 22,699 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Kennedy-Wilson by 255.4% during the third quarter. Nisa Investment Advisors LLC now owns 20,504 shares of the financial services provider's stock worth $229,000 after purchasing an additional 14,735 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Price Performance

NYSE KW remained flat at $10.82 on Friday. 451,158 shares of the company traded hands, compared to its average volume of 530,321. The company's 50-day moving average price is $11.00 and its two-hundred day moving average price is $10.46. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $13.27. The stock has a market capitalization of $1.49 billion, a P/E ratio of -4.19, a PEG ratio of 0.66 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 4.44%. Kennedy-Wilson's dividend 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.