Insider Selling: Kennedy-Wilson Holdings Inc (KW) CEO Sells 57,875 Shares of Stock

Kennedy-Wilson Holdings Inc (NYSE:KW) CEO Mary Ricks sold 57,875 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $16.87, for a total value of $976,351.25. Following the completion of the sale, the chief executive officer now directly owns 1,732,608 shares in the company, valued at approximately $29,229,096.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kennedy-Wilson Holdings Inc (KW) traded up $0.10 during mid-day trading on Friday, reaching $17.00. The company had a trading volume of 1,354,011 shares, compared to its average volume of 822,824. Kennedy-Wilson Holdings Inc has a 12-month low of $15.95 and a 12-month high of $22.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.59. The stock has a market cap of $2,552.41, a price-to-earnings ratio of 24.64 and a beta of 1.34.

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Kennedy-Wilson (NYSE:KW) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Kennedy-Wilson had a return on equity of 4.01% and a net margin of 12.40%. The firm had revenue of $181.50 million for the quarter, compared to analyst estimates of $181.56 million. analysts anticipate that Kennedy-Wilson Holdings Inc will post -0.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 29th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.76 annualized dividend and a yield of 4.47%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 110.15%.

A number of equities research analysts recently issued reports on KW shares. JMP Securities raised Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday, March 9th. ValuEngine lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.75.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new position in Kennedy-Wilson in the 4th quarter valued at $274,000. MetLife Investment Advisors LLC acquired a new position in Kennedy-Wilson in the 4th quarter valued at $977,000. Eii Capital Management Inc. acquired a new position in Kennedy-Wilson in the 4th quarter valued at $236,000. BB&T Securities LLC raised its holdings in Kennedy-Wilson by 197.5% in the 4th quarter. BB&T Securities LLC now owns 232,727 shares of the financial services provider’s stock valued at $4,037,000 after acquiring an additional 154,491 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Kennedy-Wilson in the 4th quarter valued at $3,406,000. Institutional investors own 84.63% of the company’s stock.

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Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

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