Kennedy-Wilson Holdings, Inc. (NYSE:KW) Short Interest Down 5.9% in March

Kennedy-Wilson Holdings, Inc. (NYSE:KW) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,990,000 shares, a drop of 5.9% from the March 15th total of 8,490,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Kennedy-Wilson

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Kennedy-Wilson by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,639 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 2,532 shares during the last quarter. Barclays PLC raised its holdings in shares of Kennedy-Wilson by 16.8% in the fourth quarter. Barclays PLC now owns 191,024 shares of the financial services provider’s stock worth $2,366,000 after acquiring an additional 27,541 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Kennedy-Wilson by 67.9% in the fourth quarter. Public Sector Pension Investment Board now owns 245,868 shares of the financial services provider’s stock worth $3,044,000 after acquiring an additional 99,425 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Kennedy-Wilson in the fourth quarter worth $58,000. Finally, Caxton Associates LP purchased a new stake in shares of Kennedy-Wilson in the fourth quarter valued at $789,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

KW stock traded down $0.09 during midday trading on Wednesday, hitting $8.09. 1,017,381 shares of the stock were exchanged, compared to its average volume of 1,157,367. The stock’s 50-day moving average price is $8.80 and its 200-day moving average price is $10.97. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -3.29 and a beta of 1.06. Kennedy-Wilson has a fifty-two week low of $7.85 and a fifty-two week high of $17.43. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.00 and a current ratio of 1.00.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($1.44). The firm had revenue of $140.10 million for the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. Research analysts predict that Kennedy-Wilson will post -1.36 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.87%. Kennedy-Wilson’s dividend payout ratio is presently -39.02%.

Analyst Ratings Changes

Separately, TheStreet cut Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

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.