ClearAlpha Technologies LP Makes New Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

ClearAlpha Technologies LP acquired a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,488 shares of the financial services provider’s stock, valued at approximately $271,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Kennedy-Wilson by 19.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 13,214 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Kennedy-Wilson by 6,378.2% in the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock valued at $1,477,000 after buying an additional 169,468 shares in the last quarter. GAMMA Investing LLC grew its stake in Kennedy-Wilson by 229.3% during the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after buying an additional 2,029 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,346 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of 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 valued at $1,837,000 after acquiring an additional 138,382 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KW shares. JPMorgan Chase & Co. increased their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $11.59 on Tuesday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $13.27. The company has a 50-day moving average of $11.05 and a two-hundred day moving average of $10.59. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

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.