Teachers Insurance & Annuity Association of America cut its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,468 shares of the real estate investment trust’s stock after selling 4,076 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.10% of Kilroy Realty Corporation worth $7,250,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Karp Capital Management Corp bought a new position in Kilroy Realty Corporation during the 1st quarter worth approximately $2,363,000. Dynamic Capital Management Ltd bought a new position in Kilroy Realty Corporation during the 1st quarter worth approximately $477,000. State Treasurer State of Michigan raised its holdings in Kilroy Realty Corporation by 2.0% during the 2nd quarter. State Treasurer State of Michigan now owns 40,500 shares of the real estate investment trust’s stock worth $3,044,000 after purchasing an additional 800 shares during the last quarter. Sentry Investments Corp. bought a new position in Kilroy Realty Corporation during the 2nd quarter worth approximately $15,481,000. Finally, AQR Capital Management LLC raised its holdings in Kilroy Realty Corporation by 114.3% during the 1st quarter. AQR Capital Management LLC now owns 48,953 shares of the real estate investment trust’s stock worth $3,528,000 after purchasing an additional 26,110 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
Kilroy Realty Corporation (NYSE KRC) traded down 0.40% during mid-day trading on Monday, hitting $68.88. 74,964 shares of the stock traded hands. Kilroy Realty Corporation has a 1-year low of $65.77 and a 1-year high of $78.33. The company has a 50-day moving average of $69.03 and a 200 day moving average of $72.31. The firm has a market capitalization of $6.77 billion, a P/E ratio of 50.06 and a beta of 0.75.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to analyst estimates of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts anticipate that Kilroy Realty Corporation will post $1.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is presently 122.30%.
Several research firms have issued reports on KRC. Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded shares of Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating on shares of Kilroy Realty Corporation in a report on Thursday, August 3rd. Finally, Bank of America Corporation lowered shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $77.00 in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Kilroy Realty Corporation presently has a consensus rating of “Hold” and a consensus price target of $79.00.
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About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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