CenterBook Partners LP Buys 150,065 Shares of Kennedy-Wilson Holdings Inc. $KW

CenterBook Partners LP increased its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 232.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,629 shares of the financial services provider’s stock after buying an additional 150,065 shares during the quarter. CenterBook Partners LP owned about 0.16% of Kennedy-Wilson worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of Kennedy-Wilson during the 2nd quarter worth $58,000. Advisory Services Network LLC acquired a new position in Kennedy-Wilson in the third quarter valued at about $71,000. Mercer Global Advisors Inc. ADV bought a new stake in Kennedy-Wilson during the third quarter worth about $86,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Kennedy-Wilson during the third quarter worth about $88,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Kennedy-Wilson during the fourth quarter worth about $89,000. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 0.2%

KW opened at $11.03 on Wednesday. The company’s 50 day moving average is $10.95 and its 200-day moving average is $10.43. Kennedy-Wilson Holdings Inc. has a 1-year low of $6.48 and a 1-year high of $11.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.26. The company has a market cap of $1.54 billion, a P/E ratio of 100.24 and a beta of 0.87.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.25. The business had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is 436.36%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.