Capstone Asset Management Co. raised its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,872 shares of the real estate investment trust’s stock after buying an additional 550 shares during the period. Capstone Asset Management Co.’s holdings in Kilroy Realty Corporation were worth $817,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in Kilroy Realty Corporation during the first quarter valued at approximately $100,000. Invictus RG acquired a new stake in Kilroy Realty Corporation during the first quarter valued at approximately $131,000. Quantbot Technologies LP acquired a new stake in Kilroy Realty Corporation during the first quarter valued at approximately $150,000. Flinton Capital Management LLC increased its stake in Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in Kilroy Realty Corporation during the first quarter valued at approximately $218,000. 99.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kilroy Realty Corporation (KRC) opened at 72.41 on Tuesday. The stock has a 50 day moving average of $74.67 and a 200-day moving average of $73.75. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The stock has a market capitalization of $7.05 billion, a P/E ratio of 52.09 and a beta of 0.76.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.59. Kilroy Realty Corporation had a net margin of 22.62% and a return on equity of 4.33%. The company had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $172.26 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. Equities analysts forecast that Kilroy Realty Corporation will post $1.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a dividend of $0.425 per share. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, June 28th. Kilroy Realty Corporation’s payout ratio is presently 121.43%.
Several research firms have commented on KRC. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Deutsche Bank AG upped their price objective on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, May 25th. BidaskClub downgraded shares of Kilroy Realty Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $82.00 price objective on shares of Kilroy Realty Corporation in a report on Wednesday, April 5th. Finally, Evercore ISI raised shares of Kilroy Realty Corporation from an “underperform” rating to an “in-line” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Kilroy Realty Corporation currently has a consensus rating of “Hold” and a consensus target price of $78.83.
In other news, insider Justin William Smart sold 10,000 shares of Kilroy Realty Corporation stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total transaction of $766,600.00. Following the transaction, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.28% of the stock is owned by insiders.
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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