Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Sells $258,600.00 in Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Cathy Hendrickson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This represents a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kennedy-Wilson Stock Down 0.9 %

Shares of NYSE:KW opened at $8.66 on Monday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -3.36, a PEG ratio of 0.54 and a beta of 1.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $11.88. The business’s 50 day moving average is $9.16 and its 200 day moving average is $10.30.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. Kennedy-Wilson’s payout ratio is -85.71%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Atria Investments Inc purchased a new position in shares of Kennedy-Wilson during the third quarter valued at approximately $735,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Kennedy-Wilson during the third quarter valued at approximately $1,996,000. Harbor Capital Advisors Inc. boosted its position in Kennedy-Wilson by 22.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider’s stock worth $7,503,000 after purchasing an additional 135,559 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock worth $21,142,000 after purchasing an additional 53,185 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Kennedy-Wilson by 183.5% in the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock worth $3,274,000 after purchasing an additional 191,790 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KW. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a “hold” rating and a $9.00 price objective for the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Kennedy-Wilson Company Profile

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.