Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Down 6.5% in September

Kennedy-Wilson Holdings, Inc. (NYSE:KW) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 4,580,000 shares, a drop of 6.5% from the September 15th total of 4,900,000 shares. Based on an average daily trading volume, of 627,900 shares, the days-to-cover ratio is presently 7.3 days. Approximately 4.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning raised its position in Kennedy-Wilson by 11.9% during the 3rd quarter. Creative Planning now owns 133,351 shares of the financial services provider’s stock worth $1,474,000 after buying an additional 14,133 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Kennedy-Wilson by 2.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 1,352 shares during the last quarter. GAMMA Investing LLC lifted its position in Kennedy-Wilson by 102.7% during the third quarter. GAMMA Investing LLC now owns 5,908 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,994 shares during the period. SG Americas Securities LLC purchased a new stake in Kennedy-Wilson in the third quarter valued at $306,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Kennedy-Wilson by 156.2% during the 2nd 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 purchasing an additional 195,300 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KW shares. JPMorgan Chase & Co. raised their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

Kennedy-Wilson Stock Up 4.3 %

Shares of KW stock opened at $11.22 on Thursday. The stock’s fifty day moving average price is $10.86 and its 200 day moving average price is $10.06. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16. Kennedy-Wilson has a 1-year low of $7.85 and a 1-year high of $14.13. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -5.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. The business had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The company’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, research analysts expect that Kennedy-Wilson will post 2.88 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were issued a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.28%. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

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.