Insider Selling: Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Sells 30,000 Shares of Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $8.66 on Friday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.36, a PEG ratio of 0.54 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $11.88. The firm’s 50 day simple moving average is $9.16 and its 200-day simple moving average is $10.31. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.54%. Kennedy-Wilson’s payout ratio is -85.71%.

Institutional Investors Weigh In On Kennedy-Wilson

A number of hedge funds and other institutional investors have recently made changes to their positions in KW. Sterling Capital Management LLC lifted its position in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after buying an additional 3,248 shares in the last quarter. KBC Group NV lifted its position in shares of Kennedy-Wilson by 53.1% during the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,693 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock valued at $58,000 after buying an additional 3,755 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Kennedy-Wilson during the 3rd quarter valued at approximately $116,000. Finally, Cibc World Markets Corp purchased a new position in shares of Kennedy-Wilson during the 4th quarter valued at approximately $106,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KW shares. StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target on the stock.

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.