Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Kilroy Realty Co. (NYSE:KRC – Get Rating) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,435 shares of the real estate investment trust’s stock after purchasing an additional 2,006 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kilroy Realty were worth $1,332,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KRC. Tudor Investment Corp Et Al increased its holdings in Kilroy Realty by 564.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 167,973 shares of the real estate investment trust’s stock worth $11,121,000 after purchasing an additional 142,688 shares in the last quarter. Millennium Management LLC increased its holdings in Kilroy Realty by 41.3% in the 3rd quarter. Millennium Management LLC now owns 53,292 shares of the real estate investment trust’s stock worth $3,528,000 after purchasing an additional 15,569 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Kilroy Realty in the 3rd quarter valued at about $701,000. Bank of New York Mellon Corp grew its position in shares of Kilroy Realty by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,272,790 shares of the real estate investment trust’s stock valued at $84,272,000 after buying an additional 32,797 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Kilroy Realty by 0.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 615,454 shares of the real estate investment trust’s stock valued at $40,749,000 after buying an additional 2,381 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.
Shares of KRC opened at $53.88 on Friday. The firm has a market cap of $6.29 billion, a PE ratio of 34.76, a P/E/G ratio of 1.53 and a beta of 0.76. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $59.66 and a two-hundred day simple moving average of $66.72. Kilroy Realty Co. has a 1-year low of $49.17 and a 1-year high of $79.06.
Kilroy Realty (NYSE:KRC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $265.50 million during the quarter, compared to analyst estimates of $257.03 million. Kilroy Realty had a return on equity of 3.23% and a net margin of 18.65%. Kilroy Realty’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, research analysts forecast that Kilroy Realty Co. will post 4.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, June 29th. Kilroy Realty’s dividend payout ratio (DPR) is presently 134.19%.
Several equities research analysts recently commented on KRC shares. Wells Fargo & Company cut their target price on Kilroy Realty from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Kilroy Realty from $74.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 14th. The Goldman Sachs Group raised Kilroy Realty from a “neutral” rating to a “buy” rating and decreased their price target for the company from $87.00 to $84.00 in a research report on Wednesday, May 25th. BMO Capital Markets downgraded Kilroy Realty from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $84.00 to $70.00 in a research report on Tuesday, May 31st. Finally, Jefferies Financial Group reduced their price objective on Kilroy Realty from $76.00 to $58.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.27.
In other Kilroy Realty news, EVP John Osmond sold 1,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $60.08, for a total transaction of $60,080.00. Following the completion of the transaction, the executive vice president now owns 11,749 shares of the company’s stock, valued at approximately $705,879.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.95% of the stock is owned by corporate insiders.
Kilroy Realty Company Profile (Get Rating)
Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
Further Reading
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