Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Update

Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 7,990,000 shares, a decrease of 5.9% from the March 15th total of 8,490,000 shares. Based on an average trading volume of 1,380,000 shares, the short-interest ratio is currently 5.8 days. Approximately 6.8% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, TheStreet cut Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Kennedy-Wilson Trading Up 1.5 %

KW opened at $8.21 on Thursday. Kennedy-Wilson has a one year low of $7.85 and a one year high of $17.43. The stock has a market capitalization of $1.14 billion, a PE ratio of -3.34 and a beta of 1.06. The business’s 50 day moving average price is $8.78 and its 200 day moving average price is $10.95. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.00 and a current ratio of 1.00.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. The business had revenue of $140.10 million during the quarter. As a group, equities research analysts expect that Kennedy-Wilson will post -1.36 EPS for the current year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio (DPR) is -39.02%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Kennedy-Wilson by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,639 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 2,532 shares in the last quarter. Barclays PLC lifted its stake in Kennedy-Wilson by 16.8% during the fourth quarter. Barclays PLC now owns 191,024 shares of the financial services provider’s stock worth $2,366,000 after purchasing an additional 27,541 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Kennedy-Wilson by 67.9% during the fourth quarter. Public Sector Pension Investment Board now owns 245,868 shares of the financial services provider’s stock worth $3,044,000 after purchasing an additional 99,425 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Kennedy-Wilson during the fourth quarter worth $58,000. Finally, Caxton Associates LP acquired a new position in Kennedy-Wilson during the fourth quarter worth $789,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.