Investors Buy Large Volume of Kennedy-Wilson Put Options (NYSE:KW)

Kennedy-Wilson Holdings Inc (NYSE:KW) was the recipient of some unusual options trading on Tuesday. Investors purchased 430 put options on the company. This is an increase of 532% compared to the average volume of 68 put options.

In other news, Director Stanley R. Zax bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the acquisition, the director now owns 300,300 shares in the company, valued at approximately $5,759,754. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.07% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Rock Point Advisors LLC increased its holdings in shares of Kennedy-Wilson by 15.8% in the 3rd quarter. Rock Point Advisors LLC now owns 464,115 shares of the financial services provider’s stock worth $8,609,000 after buying an additional 63,220 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Kennedy-Wilson by 3,073.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,358 shares of the financial services provider’s stock valued at $6,443,000 after purchasing an additional 336,412 shares during the last quarter. CI Global Investments Inc. grew its holdings in Kennedy-Wilson by 11.9% during the 2nd quarter. CI Global Investments Inc. now owns 1,368,953 shares of the financial services provider’s stock valued at $26,079,000 after purchasing an additional 146,069 shares during the last quarter. Sprott Inc. grew its holdings in Kennedy-Wilson by 7.7% during the 3rd quarter. Sprott Inc. now owns 579,102 shares of the financial services provider’s stock valued at $10,742,000 after purchasing an additional 41,351 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. bought a new position in Kennedy-Wilson during the 3rd quarter valued at about $2,483,000. Institutional investors and hedge funds own 66.61% of the company’s stock.

Several research firms have recently issued reports on KW. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Deutsche Bank reissued a “hold” rating and set a $23.00 price target on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.33.

Kennedy-Wilson (NYSE:KW) opened at $17.65 on Friday. The firm has a market cap of $2,700.00, a price-to-earnings ratio of 135.77 and a beta of 1.38. Kennedy-Wilson has a one year low of $17.15 and a one year high of $22.65. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $177.89 million. During the same quarter in the previous year, the company earned ($0.03) EPS. Kennedy-Wilson’s revenue for the quarter was up 59.0% on a year-over-year basis. equities research analysts forecast that Kennedy-Wilson will post 0.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.76 annualized dividend and a yield of 4.31%. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s payout ratio is presently 584.62%.

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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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