Resolution Capital Ltd lessened its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,611,377 shares of the real estate investment trust’s stock after selling 293,850 shares during the quarter. Kilroy Realty makes up 5.3% of Resolution Capital Ltd’s portfolio, making the stock its 5th biggest position. Resolution Capital Ltd owned 1.63% of Kilroy Realty worth $114,343,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Glassman Wealth Services raised its holdings in Kilroy Realty by 75.5% in the first quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 762 shares in the last quarter. MANA Advisors LLC bought a new position in Kilroy Realty in the fourth quarter worth $219,000. Stifel Financial Corp bought a new position in Kilroy Realty in the first quarter worth $221,000. Signition LP bought a new position in Kilroy Realty in the first quarter worth $259,000. Finally, Ellington Management Group LLC bought a new position in Kilroy Realty in the fourth quarter worth $426,000. Institutional investors own 97.71% of the company’s stock.
Kilroy Realty opened at $76.71 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.44 and a current ratio of 1.44. Kilroy Realty Corp has a 12 month low of $62.91 and a 12 month high of $77.73. The firm has a market capitalization of $7.62 billion, a PE ratio of 22.56, a P/E/G ratio of 2.88 and a beta of 0.70.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Stockholders of record on Friday, June 29th will be given a dividend of $0.455 per share. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, June 28th. Kilroy Realty’s payout ratio is 50.00%.
In other news, CFO Tyler H. Rose sold 15,000 shares of Kilroy Realty stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $71.86, for a total transaction of $1,077,900.00. Following the sale, the chief financial officer now directly owns 110,056 shares in the company, valued at approximately $7,908,624.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Heidi Rena Roth sold 5,607 shares of Kilroy Realty stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $74.50, for a total transaction of $417,721.50. Following the sale, the chief accounting officer now owns 30,121 shares in the company, valued at $2,244,014.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,207 shares of company stock worth $4,495,914. 2.22% of the stock is owned by company insiders.
A number of equities analysts have issued reports on the company. TheStreet upgraded Kilroy Realty from a “c+” rating to a “b-” rating in a report on Thursday, May 10th. Stifel Nicolaus increased their target price on Kilroy Realty from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets reissued a “buy” rating and issued a $77.00 target price on shares of Kilroy Realty in a research note on Thursday, April 26th. Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Tuesday, February 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.22.
Kilroy Realty Profile
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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