Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,972 shares of the financial services provider’s stock after selling 38,819 shares during the period. CenterBook Partners LP’s holdings in Kennedy-Wilson were worth $1,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KW. Smartleaf Asset Management LLC increased its holdings in shares of Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock valued at $58,000 after buying an additional 3,755 shares in the last quarter. KBC Group NV raised its position in shares of Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,748 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Kennedy-Wilson during the fourth quarter valued at $106,000. Fox Run Management L.L.C. acquired a new position in shares of Kennedy-Wilson in the 4th quarter valued at $134,000. Finally, Quantinno Capital Management LP increased its stake in Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,686 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Price Performance

Shares of NYSE:KW opened at $6.73 on Friday. The company’s fifty day moving average is $8.73 and its two-hundred day moving average is $9.89. The company has a market cap of $928.10 million, a P/E ratio of -2.61, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.34 and a 12-month high of $11.88. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson’s payout ratio is -85.71%.

Insider Buying and Selling

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares in the company, valued at $847,501.16. This represents a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stanley R. Zax purchased 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 22.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 price objective for the company.

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.