Kennedy-Wilson Holdings (NYSE:KW) CFO Justin Enbody Sells 17,290 Shares

Kennedy-Wilson Holdings (NYSE:KW) CFO Justin Enbody sold 17,290 shares of Kennedy-Wilson stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $16.87, for a total transaction of $291,682.30. Following the transaction, the chief financial officer now directly owns 300,116 shares of the company’s stock, valued at $5,062,956.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kennedy-Wilson stock traded down $0.05 during mid-day trading on Friday, reaching $17.80. 675,868 shares of the company traded hands, compared to its average volume of 1,034,230. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.59. Kennedy-Wilson Holdings has a fifty-two week low of $15.95 and a fifty-two week high of $22.65. The firm has a market capitalization of $2,688.33, a price-to-earnings ratio of 27.38 and a beta of 1.29.

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Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $181.50 million for the quarter, compared to the consensus estimate of $181.56 million. Kennedy-Wilson had a net margin of 12.40% and a return on equity of 4.01%. sell-side analysts predict that Kennedy-Wilson Holdings will post -0.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Wednesday, March 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently 168.89%.

Kennedy-Wilson announced that its board has approved a stock repurchase plan on Tuesday, March 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Kennedy-Wilson by 3,073.4% during the third quarter. Principal Financial Group Inc. now owns 347,358 shares of the financial services provider’s stock worth $6,443,000 after buying an additional 336,412 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Kennedy-Wilson by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 539,084 shares of the financial services provider’s stock worth $9,999,000 after buying an additional 8,078 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in Kennedy-Wilson by 60.6% during the fourth quarter. Heartland Advisors Inc. now owns 1,465,300 shares of the financial services provider’s stock worth $25,423,000 after buying an additional 553,000 shares in the last quarter. Real Estate Management Services LLC boosted its holdings in Kennedy-Wilson by 23.8% during the fourth quarter. Real Estate Management Services LLC now owns 1,738,000 shares of the financial services provider’s stock worth $30,154,000 after buying an additional 333,700 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Kennedy-Wilson by 365.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 253,213 shares of the financial services provider’s stock worth $4,393,000 after buying an additional 198,837 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on KW shares. ValuEngine lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. JMP Securities upgraded shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, March 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Kennedy-Wilson presently has a consensus rating of “Hold” and an average price target of $26.00.

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Kennedy-Wilson Company Profile

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

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