Van ECK Associates Corp Raises Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Van ECK Associates Corp raised its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,542 shares of the financial services provider’s stock after acquiring an additional 2,145 shares during the quarter. Van ECK Associates Corp’s holdings in Kennedy-Wilson were worth $215,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KW. 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 valued at $7,448,000 after buying an additional 205,890 shares during the period. Edgestream Partners L.P. bought a new position in shares of Kennedy-Wilson during the 1st quarter valued at $774,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Kennedy-Wilson by 6,378.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock valued at $1,477,000 after buying an additional 169,468 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Kennedy-Wilson by 225.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock valued at $6,801,000 after buying an additional 426,495 shares during the period. Finally, Old West Investment Management LLC lifted its holdings in shares of Kennedy-Wilson by 7.9% during the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after buying an additional 50,474 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KW. JPMorgan Chase & Co. increased their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock opened at $10.92 on Thursday. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $13.27. The stock’s fifty day moving average is $11.01 and its 200 day moving average is $10.43. 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 will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.40%. Kennedy-Wilson’s dividend payout ratio is presently -18.60%.

Kennedy-Wilson Company Profile

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.