Van Den Berg Management I Inc. Cuts Stake in Kennedy-Wilson Holdings Inc. $KW

Van Den Berg Management I Inc. reduced its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 8.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 894,821 shares of the financial services provider’s stock after selling 79,513 shares during the period. Kennedy-Wilson makes up about 2.0% of Van Den Berg Management I Inc.’s holdings, making the stock its 18th largest holding. Van Den Berg Management I Inc.’s holdings in Kennedy-Wilson were worth $8,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Kennedy-Wilson during the 2nd quarter valued at approximately $58,000. Advisory Services Network LLC purchased a new position in shares of Kennedy-Wilson in the third quarter valued at $71,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Kennedy-Wilson in the third quarter valued at $86,000. Eurizon Capital SGR S.p.A. bought a new stake in Kennedy-Wilson in the fourth quarter worth $89,000. Finally, Tower Research Capital LLC TRC increased its position in Kennedy-Wilson by 305.5% in the second quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 10,215 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Price Performance

KW stock opened at $10.93 on Wednesday. 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 company has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $10.47. The firm has a market capitalization of $1.52 billion, a P/E ratio of 99.34 and a beta of 0.87.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, beating 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 business had revenue of $117.20 million during the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kennedy-Wilson in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price 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.