Kennedy Wilson chief snaps up more shares ahead of quarterly dividend

After announcing a strong third quarter, Kennedy Wilson Europe Real Estate’s chief executive is backing her company to the tune of nearly a quarter of a million pounds.

The FTSE 250 company, headquartered in Beverly Hills, said on 5 November that its asset management business contracted £2m of incremental annualised net operating income in the period, with 74 leasing transactions across 586,700 square ft.

It also highlighted that its total portfolio value stood at £2.53bn across 301 properties and that it will pay a third quarter dividend of 10p per share.

Chief executive Mary Ricks is so confident in the company’s future that she purchased an additional 20,000 shares for a total price of £235,000.

That brings her total shareholding to 120,916 shares, 0.09% of the company, with a current market value of over £1.42m mid-afternoon Monday.

The purchase comes less than two weeks before the company's third quarter dividend is due to be paid.

Top Director Buys

Kennedy Wilson Europe Real Estate (KWE)

Director name: Ms Mary Ricks

Amount purchased: 20,000 @ 1,175.00p

Value: £235,000

Athelney Trust (ATY)

Director name: Mr Simon Moore

Amount purchased: 20,700 @ 225.00p

Value: £46,575

U And I Group (UAI)

Director name: Mr Richard Upton

Amount purchased: 13,250 @ 225.00p

Value: £29,812

President Energy (PPC)

Director name: Mr Peter M Levine

Amount purchased: 306,649 @ 6.47p

Value: £19,840

Camper & Nicholsons Marina Investments Ltd. (CNMI)

Director name: Mr Clive Whiley

Amount purchased: 200,000 @ 6.79p

Value: £13,580

Top Director Sells

Bellway (BWY)

Director name: Mr Keith Adey

Amount sold: 5,474 @ 2,362.00p

Value: £129,296

Rathbone Brothers (RAT)

Director name: Mr Paul D G Chavasse

Amount sold: 2,699 @ 2,248.00p

Value: £60,674

Cropper (James) (CRPR)

Director name: Mr Phil Wild

Amount sold: 5,797 @ 637.50p

Value: £36,956