Proficio Capital Partners LLC Takes Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Proficio Capital Partners LLC acquired a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 4th quarter, HoldingsChannel reports. The firm acquired 37,013 shares of the financial services provider’s stock, valued at approximately $370,000.

A number of other large investors have also recently bought and sold shares of KW. Los Angeles Capital Management LLC grew its holdings in shares of Kennedy-Wilson by 39.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 4,124 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in Kennedy-Wilson by 12.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 2,206 shares during the period. Alberta Investment Management Corp grew its stake in Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after buying an additional 395,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Kennedy-Wilson by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider’s stock valued at $5,723,000 after acquiring an additional 16,090 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in Kennedy-Wilson by 5.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 189,798 shares of the financial services provider’s stock valued at $1,896,000 after purchasing an additional 9,144 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 4.5 %

Shares of NYSE:KW opened at $9.44 on Tuesday. The company has a 50 day moving average of $9.25 and a 200-day moving average of $10.36. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.30 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.54 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $11.88.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KW. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 price target for the company.

Kennedy-Wilson 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.