Stanley R. Zax Acquires 41,000 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kennedy-Wilson Stock Performance

NYSE:KW traded down $0.01 on Wednesday, hitting $8.62. The stock had a trading volume of 730,255 shares, compared to its average volume of 693,944. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -3.34, a price-to-earnings-growth 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. The business’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $10.27. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $11.88.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Institutional Trading of Kennedy-Wilson

A number of large investors have recently added to or reduced their stakes in KW. Atria Investments Inc purchased a new position in Kennedy-Wilson during the 3rd quarter valued at $735,000. Harbor Capital Advisors Inc. grew its stake in Kennedy-Wilson by 22.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider’s stock valued at $7,503,000 after purchasing an additional 135,559 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kennedy-Wilson by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after purchasing an additional 53,185 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 191,790 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Kennedy-Wilson by 2.1% in the third quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider’s stock worth $2,931,000 after buying an additional 5,477 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock.

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.