Vision Capital Corp Takes Position in Kennedy-Wilson Holdings Inc. $KW

Vision Capital Corp bought a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,309,261 shares of the financial services provider’s stock, valued at approximately $12,661,000. Kennedy-Wilson makes up about 5.6% of Vision Capital Corp’s investment portfolio, making the stock its 7th biggest position. Vision Capital Corp owned approximately 0.95% of Kennedy-Wilson as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Kennedy-Wilson by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,724,378 shares of the financial services provider’s stock valued at $45,686,000 after purchasing an additional 131,145 shares in the last quarter. Mackenzie Financial Corp grew its stake in Kennedy-Wilson by 0.7% in the 3rd quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider’s stock valued at $36,932,000 after acquiring an additional 29,241 shares during the period. Geode Capital Management LLC grew its stake in Kennedy-Wilson by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,125,167 shares of the financial services provider’s stock valued at $30,224,000 after acquiring an additional 33,798 shares during the period. Alberta Investment Management Corp grew its stake in Kennedy-Wilson by 7.3% in the 3rd quarter. Alberta Investment Management Corp now owns 2,845,077 shares of the financial services provider’s stock valued at $23,671,000 after acquiring an additional 194,755 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. grew its stake in Kennedy-Wilson by 916.0% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock valued at $21,601,000 after acquiring an additional 2,493,628 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Trading Down 0.1%

Shares of KW opened at $10.93 on Friday. Kennedy-Wilson Holdings Inc. has a 52-week low of $6.48 and a 52-week high of $11.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. The firm’s fifty day moving average is $10.95 and its two-hundred day moving average is $10.45. The stock has a market cap of $1.52 billion, a PE ratio of 99.33 and a beta of 0.87.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $91.69 million.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 11th. Kennedy-Wilson’s payout ratio is 436.36%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Kennedy-Wilson in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.