Kennedy-Wilson Holdings Inc. $KW Position Lifted by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 44.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,100,322 shares of the financial services provider’s stock after acquiring an additional 1,255,245 shares during the quarter. Alberta Investment Management Corp’s holdings in Kennedy-Wilson were worth $39,650,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. lifted its position in Kennedy-Wilson by 916.0% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock valued at $21,601,000 after purchasing an additional 2,493,628 shares during the last quarter. Vision Capital Corp acquired a new position in shares of Kennedy-Wilson in the 4th quarter worth approximately $12,661,000. M&T Bank Corp acquired a new position in shares of Kennedy-Wilson in the 4th quarter worth approximately $8,961,000. UBS Group AG grew its stake in shares of Kennedy-Wilson by 133.8% in the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock worth $11,570,000 after purchasing an additional 795,844 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Kennedy-Wilson in the fourth quarter worth about $7,099,000. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $11.00.

Kennedy-Wilson Price Performance

NYSE KW opened at $10.93 on Tuesday. Kennedy-Wilson Holdings Inc. has a 12-month low of $6.48 and a 12-month high of $11.09. The stock has a market capitalization of $1.52 billion, a PE ratio of 99.33 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. The company has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $10.47.

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

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. Kennedy-Wilson’s payout ratio is 436.36%.

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.