Kennedy-Wilson Holdings Inc. $KW Holdings Lowered by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC decreased its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 24.3% in the first quarter, HoldingsChannel reports. The firm owned 354,611 shares of the financial services provider’s stock after selling 113,865 shares during the period. Kennedy-Wilson accounts for 0.1% of ACR Alpine Capital Research LLC’s holdings, making the stock its 27th biggest position. ACR Alpine Capital Research LLC’s holdings in Kennedy-Wilson were worth $3,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Kennedy-Wilson by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock worth $45,686,000 after buying an additional 131,145 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Kennedy-Wilson by 0.7% during the third quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider’s stock valued at $36,932,000 after acquiring an additional 29,241 shares during the period. Alberta Investment Management Corp raised its holdings in shares of Kennedy-Wilson by 44.1% during the fourth quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider’s stock valued at $39,650,000 after acquiring an additional 1,255,245 shares during the period. Geode Capital Management LLC lifted its position in shares of Kennedy-Wilson by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock valued at $30,224,000 after acquiring an additional 33,798 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Kennedy-Wilson by 5.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,725,276 shares of the financial services provider’s stock valued at $26,353,000 after acquiring an additional 140,351 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

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

Kennedy-Wilson Price Performance

NYSE:KW opened at $10.92 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 99.28 and a beta of 0.87. 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 business’s fifty day moving average price is $10.97 and its 200 day moving average price is $10.61.

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

Kennedy-Wilson Dividend Announcement

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

Kennedy-Wilson Profile

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.