Harbor Capital Advisors Inc. Purchases 135,559 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Harbor Capital Advisors Inc. lifted its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 22.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 751,055 shares of the financial services provider’s stock after buying an additional 135,559 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Kennedy-Wilson were worth $7,503,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Kennedy-Wilson by 6.5% in the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock worth $99,161,000 after purchasing an additional 544,495 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Kennedy-Wilson by 156.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock worth $3,113,000 after acquiring an additional 195,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock worth $3,274,000 after acquiring an additional 191,790 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Kennedy-Wilson during the third quarter valued at about $1,996,000. Finally, Marshall Wace LLP purchased a new position in shares of Kennedy-Wilson in the 2nd quarter valued at approximately $1,721,000. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

KW traded down $0.36 on Friday, reaching $8.89. 134,551 shares of the stock were exchanged, compared to its average volume of 515,167. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average price is $10.75 and its 200 day moving average price is $10.67. The firm has a market capitalization of $1.22 billion, a PE ratio of -3.45, a PEG ratio of 0.70 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $12.02.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.40%. Kennedy-Wilson’s dividend payout ratio is currently -18.60%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.