Alps Advisors Inc. reduced its stake in shares of Kilroy Realty Corp. (NYSE:KRC) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,486 shares of the real estate investment trust’s stock after selling 241 shares during the period. Alps Advisors Inc.’s holdings in Kilroy Realty Corp. were worth $695,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in Kilroy Realty Corp. during the fourth quarter valued at approximately $44,101,000. Aperio Group LLC boosted its stake in Kilroy Realty Corp. by 6.7% in the first quarter. Aperio Group LLC now owns 11,226 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 706 shares in the last quarter. Franklin Resources Inc. boosted its stake in Kilroy Realty Corp. by 5.5% in the first quarter. Franklin Resources Inc. now owns 296,375 shares of the real estate investment trust’s stock valued at $18,337,000 after buying an additional 15,500 shares in the last quarter. BlackRock Inc. boosted its stake in Kilroy Realty Corp. by 16.3% in the first quarter. BlackRock Inc. now owns 237,712 shares of the real estate investment trust’s stock valued at $14,706,000 after buying an additional 33,317 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in Kilroy Realty Corp. by 4.0% in the first quarter. BlackRock Group LTD now owns 662,576 shares of the real estate investment trust’s stock valued at $40,995,000 after buying an additional 25,722 shares in the last quarter.
Shares of Kilroy Realty Corp. (NYSE:KRC) traded up 1.14% during mid-day trading on Friday, hitting $69.35. The stock had a trading volume of 1,026,950 shares. Kilroy Realty Corp. has a 12-month low of $46.76 and a 12-month high of $74.17. The company’s 50 day moving average price is $70.34 and its 200 day moving average price is $66.24. The stock has a market cap of $6.39 billion, a P/E ratio of 19.80 and a beta of 1.02.
Kilroy Realty Corp. (NYSE:KRC) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Kilroy Realty Corp. had a return on equity of 10.85% and a net margin of 57.28%. The firm earned $160.10 million during the quarter, compared to the consensus estimate of $140.64 million. During the same period in the previous year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Kilroy Realty Corp. will post $3.40 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, September 30th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 2.16%. Kilroy Realty Corp.’s dividend payout ratio is currently 42.74%.
KRC has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Kilroy Realty Corp. in a report on Sunday, June 26th. Citigroup Inc. increased their price objective on Kilroy Realty Corp. from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Zacks Investment Research lowered Kilroy Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. DA Davidson increased their price objective on Kilroy Realty Corp. from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, BTIG Research started coverage on Kilroy Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $80.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Kilroy Realty Corp. presently has a consensus rating of “Buy” and a consensus price target of $75.64.
About Kilroy Realty Corp.
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate 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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