180,654 Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW) Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the third quarter, Holdings Channel.com reports. The firm acquired 180,654 shares of the financial services provider’s stock, valued at approximately $1,996,000.

A number of other institutional investors have also recently added to or reduced their stakes in KW. Harbor Capital Advisors Inc. lifted its holdings in Kennedy-Wilson by 225.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock worth $6,801,000 after buying an additional 426,495 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Kennedy-Wilson by 156.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock valued at $3,113,000 after purchasing an additional 195,300 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Kennedy-Wilson in the 2nd quarter valued at about $1,721,000. Public Employees Retirement System of Ohio raised its stake in shares of Kennedy-Wilson by 6,378.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock valued at $1,477,000 after purchasing an additional 169,468 shares in the last quarter. Finally, Elkhorn Partners Limited Partnership raised its stake in shares of Kennedy-Wilson by 2.9% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock valued at $37,226,000 after purchasing an additional 121,223 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Shares of NYSE:KW opened at $10.82 on Friday. 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 fifty-two week low of $7.85 and a fifty-two week high of $13.27. The firm has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $10.45. The company has a market cap of $1.49 billion, a PE ratio of -4.20, a P/E/G ratio of 0.66 and a beta of 1.10.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio is presently -18.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

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.