TSX runs higher on rate cut expectations
In a recent move, Stanley R. Zax, a director at Kennedy-Wilson Holdings, Inc. (NYSE:KW), purchased 41,000 shares of the company’s common stock. The transactions, which took place on March 19, 2025, were conducted at a weighted average price of $8.56 per share, slightly below the current trading price of $8.63. This acquisition brings Zax’s total holdings to 547,400 shares. According to InvestingPro data, this insider purchase aligns with management’s aggressive share buyback strategy, though the company’s overall financial health score remains weak.
The purchase price was derived from multiple transactions, with individual share prices ranging from $8.41 to $8.66. The total value of the shares acquired amounts to approximately $350,960. Kennedy-Wilson Holdings, a real estate investment company with a market capitalization of $1.19 billion, continues to be a focal point for investors monitoring insider activities. The company maintains a notable 5.56% dividend yield and has sustained dividend payments for 15 consecutive years. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro offers exclusive access to 8 additional key insights and a detailed Pro Research Report, available for over 1,400 US stocks.
In other recent news, Kennedy-Wilson Holdings Inc reported strong financial results for the fourth quarter of 2024, significantly exceeding earnings expectations. The company achieved a GAAP earnings per share of $0.24, which was a notable improvement over the forecasted loss of $0.51. Revenue also surpassed projections, reaching $135.5 million compared to the expected $100.74 million. Additionally, Kennedy-Wilson reduced its unsecured debt by $262 million during the quarter. The company’s investment management revenue saw an impressive year-over-year growth of 83%, totaling $30 million. Analysts have noted the company’s strategic initiatives in investment management and real estate as key factors in its financial turnaround. Furthermore, Kennedy-Wilson aims to continue expanding its investment management fees by 20-25% annually and plans to target $400 million in asset sales in 2025. These developments reflect the company’s focus on strengthening its financial position and operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.