Public Sector Pension Investment Board Sells 6,400 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Public Sector Pension Investment Board reduced its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,764 shares of the financial services provider’s stock after selling 6,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Kennedy-Wilson were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in Kennedy-Wilson by 7.9% during the third quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,182 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Kennedy-Wilson by 90.3% during the 3rd quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider’s stock valued at $884,000 after buying an additional 37,963 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kennedy-Wilson by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after buying an additional 53,185 shares in the last quarter. Intech Investment Management LLC bought a new stake in Kennedy-Wilson in the 3rd quarter worth approximately $245,000. Finally, Jennison Associates LLC purchased a new stake in Kennedy-Wilson in the third quarter worth approximately $751,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 2.8 %

NYSE:KW opened at $11.26 on Wednesday. The firm has a market capitalization of $1.55 billion, a P/E ratio of -4.36, a P/E/G ratio of 0.75 and a beta of 1.12. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $13.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a fifty day moving average of $11.06 and a 200 day moving average of $10.60.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.26%. Kennedy-Wilson’s dividend payout ratio is currently -18.60%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KW. 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. raised 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 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.