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Kennedy-Wilson Holdings, Inc. (NYSE:KW) Sees Significant Drop in Short Interest

kopsource · Sep 18, 2022 17:42

Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,110,000 shares, a decline of 15.3% from the August 15th total of 2,490,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 495,900 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Tuesday, September 13th.

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Insiders Place Their Bets

In other Kennedy-Wilson news, President Mary Ricks sold 62,357 shares of the business's stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $19.05, for a total value of $1,187,900.85. Following the transaction, the president now owns 2,031,929 shares of the company's stock, valued at $38,708,247.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Mary Ricks sold 62,357 shares of the business's stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $19.05, for a total transaction of $1,187,900.85. Following the sale, the president now directly owns 2,031,929 shares in the company, valued at approximately $38,708,247.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stanley R. Zax acquired 35,000 shares of the firm's stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average price of $18.15 per share, for a total transaction of $635,250.00. Following the completion of the purchase, the director now owns 458,800 shares in the company, valued at approximately $8,327,220. The disclosure for this purchase can be found here. Insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Kennedy-Wilson

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in Kennedy-Wilson in the 1st quarter worth approximately $25,000. Federated Hermes Inc. bought a new position in shares of Kennedy-Wilson in the 2nd quarter worth approximately $33,000. Steward Partners Investment Advisory LLC raised its position in shares of Kennedy-Wilson by 47.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider's stock worth $36,000 after acquiring an additional 473 shares in the last quarter. Fieldpoint Private Securities LLC raised its position in shares of Kennedy-Wilson by 162.6% in the 1st quarter. Fieldpoint Private Securities LLC now owns 1,594 shares of the financial services provider's stock worth $39,000 after acquiring an additional 987 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Kennedy-Wilson in the 1st quarter worth approximately $60,000. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Trading Down 0.9 %

KW stock traded down $0.16 during trading on Friday, hitting $17.64. 1,645,661 shares of the company traded hands, compared to its average volume of 501,115. The firm has a market capitalization of $2.43 billion, a PE ratio of 19.38, a P/E/G ratio of 4.27 and a beta of 1.13. Kennedy-Wilson has a 1 year low of $17.26 and a 1 year high of $25.30. The company has a 50-day moving average of $19.16 and a 200-day moving average of $20.84. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.05 and a current ratio of 1.05.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 30th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.44%. The ex-dividend date is Thursday, September 29th. Kennedy-Wilson's dividend payout ratio is presently 105.50%.

About Kennedy-Wilson

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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.