OZ Management LP Takes Position in Kennedy-Wilson Holdings Inc (KW)

OZ Management LP acquired a new stake in Kennedy-Wilson Holdings Inc (NYSE:KW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the financial services provider’s stock, valued at approximately $928,000.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Kennedy-Wilson in the third quarter valued at approximately $129,000. Prudential Financial Inc. boosted its stake in Kennedy-Wilson by 3.9% in the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 380 shares during the period. Amalgamated Bank boosted its stake in Kennedy-Wilson by 3.7% in the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 377 shares during the period. Principal Financial Group Inc. boosted its stake in Kennedy-Wilson by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 272 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Kennedy-Wilson by 528.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 9,282 shares during the period. 66.57% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on KW. ValuEngine downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday. Deutsche Bank restated a “hold” rating and issued a $23.00 target price on shares of Kennedy-Wilson in a research note on Monday, October 30th. BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.33.

Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) traded up $0.10 during midday trading on Tuesday, hitting $19.35. The stock had a trading volume of 1,297,500 shares, compared to its average volume of 797,693. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market capitalization of $2,915.30, a P/E ratio of 45.83, a PEG ratio of 6.88 and a beta of 1.37. Kennedy-Wilson Holdings Inc has a fifty-two week low of $17.95 and a fifty-two week high of $22.65.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.15. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The business’s revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. equities research analysts forecast that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 3.93%. Kennedy-Wilson’s payout ratio is currently 523.12%.

In other Kennedy-Wilson news, Director Stanley R. Zax acquired 50,000 shares of Kennedy-Wilson stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the transaction, the director now owns 300,300 shares in the company, valued at approximately $5,759,754. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 17.07% of the company’s stock.

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Kennedy-Wilson 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.

Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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