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In a recent transaction, William J. McMorrow, Chairman and CEO of Kennedy-Wilson Holdings, Inc. (NYSE:KW), acquired 200,000 shares of the company’s common stock. The shares were purchased at a weighted average price of $6.36, with the total transaction amounting to approximately $1.27 million. This insider purchase comes as the stock has seen a significant decline of about 39% over the past six months, with the company currently valued at $882 million. This purchase was made on May 15, 2025, and the shares were acquired through the William J. McMorrow Revocable Trust. Following this transaction, McMorrow holds a significant number of shares both directly and indirectly, reflecting his ongoing commitment to the company. The stock currently offers a notable 7.5% dividend yield, with analysts setting price targets between $9 and $13. InvestingPro analysis reveals several additional insights about insider trading patterns and management’s share buyback strategy.
In other recent news, Kennedy-Wilson Holdings Inc . reported a larger-than-expected loss for the first quarter of 2025, with earnings per share at a negative $0.30, missing the anticipated loss of $0.19. Despite this, the company’s revenue exceeded expectations, reaching $128.3 million against the projected $97.46 million. The firm also reported a 5% increase in Baseline EBITDA, totaling $108 million, and noted that its assets under management have grown by 26% over the past two years to $29 billion. In a strategic move, Kennedy-Wilson completed a recapitalization transaction involving a hotel property, resulting in $125 million in cash and a reduction of its ownership interest in a joint venture from 50% to 35%. The company plans to use the proceeds from this transaction to pay down its corporate line of credit and reduce unsecured debt. Additionally, Kennedy-Wilson is targeting asset sales between $400 million and $450 million in 2025 and expects a 20-25% annual growth in fee revenue. In terms of analyst activity, there were no specific upgrades or downgrades reported, but the company’s focus on expanding its credit solutions and rental housing sector was highlighted.
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