Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Kilroy Realty Corp (NYSE:KRC) by 38.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 950,326 shares of the real estate investment trust’s stock after selling 601,408 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.83% of Kilroy Realty worth $55,784,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRC. CWM Advisors LLC purchased a new stake in Kilroy Realty in the first quarter worth about $37,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Kilroy Realty by 62.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 453 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Kilroy Realty by 108.8% during the first quarter. Van ECK Associates Corp now owns 1,278 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 666 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Kilroy Realty by 253.6% during the first quarter. Parallel Advisors LLC now owns 1,860 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,334 shares in the last quarter. Finally, Quantum Capital Management grew its position in shares of Kilroy Realty by 154.5% during the first quarter. Quantum Capital Management now owns 2,153 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 1,307 shares in the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on KRC. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $85.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus cut their price target on Kilroy Realty from $76.00 to $71.00 and set a “buy” rating for the company in a report on Friday, May 1st. Jefferies Financial Group began coverage on Kilroy Realty in a report on Thursday, April 16th. They set a “hold” rating and a $62.00 price target for the company. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. Finally, Deutsche Bank cut Kilroy Realty from a “hold” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Monday, July 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.75.
Shares of NYSE KRC opened at $58.27 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $59.48 and a two-hundred day simple moving average of $66.41. The firm has a market cap of $6.71 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 3.15 and a beta of 0.72. Kilroy Realty Corp has a twelve month low of $45.96 and a twelve month high of $88.99.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.62). Kilroy Realty had a net margin of 20.06% and a return on equity of 3.58%. The firm had revenue of $221.30 million for the quarter, compared to the consensus estimate of $220.94 million. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts expect that Kilroy Realty Corp will post 3.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.485 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.33%. Kilroy Realty’s dividend payout ratio is presently 49.62%.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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