Delta Investment Management LLC Buys 1,500 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Delta Investment Management LLC lifted its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 6.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 26,071 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the period. Delta Investment Management LLC’s holdings in Kennedy-Wilson were worth $253,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in shares of Kennedy-Wilson by 31.1% during the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after acquiring an additional 205,890 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Kennedy-Wilson in the 1st quarter worth $774,000. BNP Paribas Financial Markets raised its position in Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after purchasing an additional 652,116 shares during the period. Old West Investment Management LLC raised its position in Kennedy-Wilson by 19.7% in the 4th quarter. Old West Investment Management LLC now owns 536,843 shares of the financial services provider’s stock worth $6,646,000 after purchasing an additional 88,178 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Kennedy-Wilson by 6,378.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 169,468 shares during the period. 87.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. lifted their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th.

Kennedy-Wilson Price Performance

KW stock opened at $11.10 on Friday. The firm’s 50-day moving average price is $10.72 and its two-hundred day moving average price is $9.79. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $15.09. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -5.63, a PEG ratio of 0.67 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The firm had revenue of $132.00 million for the quarter, compared to analysts’ expectations of $100.66 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, equities analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, September 30th. Kennedy-Wilson’s payout ratio is -24.37%.

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.