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

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction dated 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. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kennedy-Wilson Stock Down 0.9 %

NYSE:KW opened at $8.66 on Friday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $11.88. The company has a 50-day moving average of $9.16 and a 200 day moving average of $10.31. The firm has a market cap of $1.20 billion, a PE ratio of -3.36, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Wall Street Analyst Weigh In

KW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated 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. StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Institutional Trading of Kennedy-Wilson

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP lifted its position in shares of Kennedy-Wilson by 75.0% during the fourth quarter. Two Sigma Advisers LP now owns 33,600 shares of the financial services provider’s stock valued at $336,000 after buying an additional 14,400 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Kennedy-Wilson in the 4th quarter valued at approximately $114,000. ProShare Advisors LLC raised its position in shares of Kennedy-Wilson by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 34,357 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 10,547 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Kennedy-Wilson by 75.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,241 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 10,838 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Kennedy-Wilson by 4.9% in the 4th quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider’s stock valued at $8,417,000 after purchasing an additional 39,702 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.