Kennedy-Wilson Holdings Inc (NYSE:KW) Director Cathy Hendrickson sold 5,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $20.64, for a total transaction of $103,200.00. Following the sale, the director now owns 68,218 shares of the company’s stock, valued at approximately $1,408,019.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Cathy Hendrickson also recently made the following trade(s):
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On Wednesday, May 9th, Cathy Hendrickson sold 5,000 shares of Kennedy-Wilson stock. The stock was sold at an average price of $19.50, for a total transaction of $97,500.00.
NYSE:KW traded down $0.10 during mid-day trading on Friday, reaching $20.80. 1,100,014 shares of the company were exchanged, compared to its average volume of 685,453. Kennedy-Wilson Holdings Inc has a 12 month low of $15.95 and a 12 month high of $21.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.76. The firm has a market cap of $3.04 billion, a P/E ratio of 46.22 and a beta of 1.28.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Kennedy-Wilson had a net margin of 11.76% and a return on equity of 2.66%. The firm had revenue of $190.70 million for the quarter, compared to analyst estimates of $184.01 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 13.7% on a year-over-year basis. equities analysts predict that Kennedy-Wilson Holdings Inc will post -0.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, June 28th. Kennedy-Wilson’s dividend payout ratio is currently 168.89%.
Kennedy-Wilson declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
A number of brokerages have commented on KW. JMP Securities raised shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, March 9th. ValuEngine raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Kennedy-Wilson in the 1st quarter valued at about $113,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Kennedy-Wilson in the 1st quarter valued at about $117,000. Asset Management One Co. Ltd. bought a new position in shares of Kennedy-Wilson in the 1st quarter valued at about $125,000. Ellington Management Group LLC bought a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $180,000. Finally, Wayne Hummer Investments L.L.C. bought a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $187,000. 88.56% of the stock is currently owned by institutional investors.
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.