Belpointe Asset Management LLC Sells 2,376 Shares of Kennedy-Wilson Holdings Inc. $KW

Belpointe Asset Management LLC lessened its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 14.1% in the second quarter, Holdings Channel.com reports. The fund owned 14,416 shares of the financial services provider’s stock after selling 2,376 shares during the period. Belpointe Asset Management LLC’s holdings in Kennedy-Wilson were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in Kennedy-Wilson by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 70,848 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 5,369 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Kennedy-Wilson by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 175,068 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 3,562 shares in the last quarter. GAMMA Investing LLC raised its holdings in Kennedy-Wilson by 35.2% in the second quarter. GAMMA Investing LLC now owns 5,329 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,388 shares in the last quarter. Anson Funds Management LP bought a new position in Kennedy-Wilson in the first quarter worth $477,000. Finally, Strs Ohio bought a new position in Kennedy-Wilson in the first quarter worth $186,000. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 1.8%

NYSE KW opened at $7.45 on Friday. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The stock has a market cap of $1.03 billion, a P/E ratio of -11.12, a P/E/G ratio of 2.36 and a beta of 1.18. The stock’s fifty day moving average price is $8.30 and its 200-day moving average price is $7.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%.The firm had revenue of $135.70 million for the quarter, compared to analysts’ expectations of $229.98 million. As a group, equities analysts forecast that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.4%. Kennedy-Wilson’s dividend payout ratio (DPR) is -71.64%.

Analyst Ratings Changes

A number of equities analysts have issued reports on KW shares. Wall Street Zen upgraded Kennedy-Wilson from a “sell” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kennedy-Wilson in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $9.00.

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.