Kennedy-Wilson Holdings Inc. (NYSE:KW) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 6,824,908 shares, an increase of 81.8% from the June 15th total of 3,754,586 shares. Based on an average daily trading volume, of 1,112,894 shares, the short-interest ratio is currently 6.1 days. Approximately 7.2% of the company’s shares are short sold.

Several hedge funds and other institutional investors have recently made changes to their positions in KW. BB&T Securities LLC boosted its stake in Kennedy-Wilson Holdings by 0.7% in the first quarter. BB&T Securities LLC now owns 57,236 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 392 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Kennedy-Wilson Holdings by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,580 shares of the financial services provider’s stock valued at $768,000 after buying an additional 400 shares in the last quarter. Trust Co. of Vermont boosted its stake in Kennedy-Wilson Holdings by 2.2% in the first quarter. Trust Co. of Vermont now owns 25,250 shares of the financial services provider’s stock valued at $560,000 after buying an additional 550 shares in the last quarter. Orinda Asset Management LLC boosted its stake in Kennedy-Wilson Holdings by 1.1% in the first quarter. Orinda Asset Management LLC now owns 129,876 shares of the financial services provider’s stock valued at $2,883,000 after buying an additional 1,376 shares in the last quarter. Finally, Old West Investment Management LLC boosted its stake in Kennedy-Wilson Holdings by 5.9% in the first quarter. Old West Investment Management LLC now owns 25,269 shares of the financial services provider’s stock valued at $560,000 after buying an additional 1,405 shares in the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.

Shares of Kennedy-Wilson Holdings (NYSE:KW) opened at 19.55 on Wednesday. Kennedy-Wilson Holdings has a 12-month low of $17.95 and a 12-month high of $23.77. The firm’s 50-day moving average is $19.46 and its 200-day moving average is $20.67. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 232.74 and a beta of 1.35.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Friday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.68 annualized dividend and a yield of 3.48%. Kennedy-Wilson Holdings’s dividend payout ratio is currently 755.64%.

Several research firms have recently weighed in on KW. B. Riley reissued a “buy” rating and issued a $29.00 price target on shares of Kennedy-Wilson Holdings in a research note on Wednesday, March 22nd. BTIG Research reaffirmed a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. BidaskClub raised shares of Kennedy-Wilson Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. JMP Securities cut shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.50.

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Kennedy-Wilson Holdings Company Profile

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

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