Kennedy-Wilson Holdings (NYSE:KW) insider William J. Mcmorrow sold 99,450 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $16.87, for a total transaction of $1,677,721.50. Following the completion of the transaction, the insider now directly owns 1,917,001 shares in the company, valued at approximately $32,339,806.87. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kennedy-Wilson stock opened at $17.80 on Monday. The company has a market capitalization of $2,688.33, a PE ratio of 39.56 and a beta of 1.29. Kennedy-Wilson Holdings has a 1 year low of $15.95 and a 1 year high of $22.65. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 1.03.
Kennedy-Wilson (NYSE:KW) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Kennedy-Wilson had a return on equity of 4.01% and a net margin of 12.40%. The company had revenue of $181.50 million for the quarter, compared to analysts’ expectations of $181.56 million. sell-side analysts predict that Kennedy-Wilson Holdings will post -0.17 EPS for the current fiscal year.
Kennedy-Wilson declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 20th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 29th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, March 28th. Kennedy-Wilson’s dividend payout ratio is currently 168.89%.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth $129,000. Ellington Management Group LLC bought a new position in shares of Kennedy-Wilson in the 4th quarter worth $180,000. Wayne Hummer Investments L.L.C. bought a new position in shares of Kennedy-Wilson in the 4th quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Kennedy-Wilson by 160.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,952 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 6,740 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Kennedy-Wilson in the 3rd quarter worth $206,000. Institutional investors own 84.61% of the company’s stock.
A number of analysts have recently issued reports on KW shares. JMP Securities upgraded shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, March 9th. ValuEngine downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.
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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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