New York State Teachers Retirement System Sells 1,200 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

New York State Teachers Retirement System cut its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 4.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,500 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. New York State Teachers Retirement System’s holdings in Kennedy-Wilson were worth $304,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Kennedy-Wilson by 31.1% in the first 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. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Kennedy-Wilson by 156.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock valued at $3,113,000 after acquiring an additional 195,300 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Kennedy-Wilson during the 2nd quarter valued at $1,721,000. Public Employees Retirement System of Ohio boosted its stake in Kennedy-Wilson by 6,378.2% during the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock worth $1,477,000 after acquiring an additional 169,468 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Kennedy-Wilson by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 189,001 shares of the financial services provider’s stock worth $1,837,000 after purchasing an additional 138,382 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE KW opened at $11.53 on Monday. The company has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.37. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.16. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $13.27.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s payout ratio is presently -18.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

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.