Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax Purchases 41,000 Shares

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares in the company, valued at approximately $4,685,744. The trade was a 8.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kennedy-Wilson Price Performance

NYSE:KW opened at $8.62 on Thursday. The company has a fifty day moving average price of $9.11 and a 200 day moving average price of $10.26. The stock has a market cap of $1.19 billion, a P/E ratio of -3.34, a PEG ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a one year low of $7.90 and a one year high of $11.88.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 5.57%. Kennedy-Wilson’s dividend payout ratio is -85.71%.

Institutional Trading of Kennedy-Wilson

Hedge funds have recently modified their holdings of the company. Alberta Investment Management Corp lifted its holdings in shares of Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after acquiring an additional 395,000 shares during the period. Royce & Associates LP raised its position in Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock worth $92,903,000 after purchasing an additional 325,737 shares in the last quarter. Raymond James Financial Inc. bought a new position in Kennedy-Wilson during the fourth quarter worth about $2,801,000. Northern Trust Corp boosted its holdings in Kennedy-Wilson by 18.2% during the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 241,943 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Kennedy-Wilson by 183.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 191,790 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KW. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 target price on the stock.

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.