Resolution Capital Ltd lowered its stake in Kilroy Realty Corp (NYSE:KRC) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,212,977 shares of the real estate investment trust’s stock after selling 138,253 shares during the quarter. Kilroy Realty makes up approximately 5.5% of Resolution Capital Ltd’s investment portfolio, making the stock its 7th largest position. Resolution Capital Ltd owned approximately 2.19% of Kilroy Realty worth $168,098,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Utah Retirement Systems grew its holdings in Kilroy Realty by 0.9% during the fourth quarter. Utah Retirement Systems now owns 21,997 shares of the real estate investment trust’s stock worth $1,383,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Kilroy Realty by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the real estate investment trust’s stock worth $2,051,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Kilroy Realty by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 43,272 shares of the real estate investment trust’s stock worth $3,286,000 after acquiring an additional 376 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of Kilroy Realty during the fourth quarter worth approximately $25,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Kilroy Realty by 471.7% during the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 434 shares during the period. 96.67% of the stock is currently owned by institutional investors and hedge funds.
NYSE:KRC traded down $0.77 during trading hours on Wednesday, hitting $74.53. The stock had a trading volume of 3,596 shares, compared to its average volume of 520,180. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.22. Kilroy Realty Corp has a one year low of $59.05 and a one year high of $77.73. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.87 and a beta of 0.83.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.11). The firm had revenue of $190.80 million during the quarter, compared to the consensus estimate of $185.19 million. Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Equities research analysts expect that Kilroy Realty Corp will post 3.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.44%. Kilroy Realty’s dividend payout ratio (DPR) is currently 52.30%.
KRC has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $81.00 in a report on Monday, March 11th. ValuEngine upgraded Kilroy Realty from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Deutsche Bank boosted their price target on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Finally, Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $86.00 in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $79.71.
In other Kilroy Realty news, insider Justin William Smart sold 5,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $76.71, for a total transaction of $383,550.00. Following the sale, the insider now owns 119,507 shares of the company’s stock, valued at $9,167,381.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward F. Brennan sold 3,843 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $74.73, for a total transaction of $287,187.39. Following the sale, the director now directly owns 18,513 shares in the company, valued at approximately $1,383,476.49. The disclosure for this sale can be found here. Insiders have sold 64,799 shares of company stock worth $4,766,078 in the last ninety days. Insiders own 2.22% of the company’s stock.
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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