World Asset Management Inc increased its stake in Kilroy Realty Corporation (NYSE:KRC) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,645 shares of the real estate investment trust’s stock after buying an additional 183 shares during the period. World Asset Management Inc’s holdings in Kilroy Realty Corporation were worth $575,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Karp Capital Management Corp bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $2,363,000. Profund Advisors LLC raised its position in shares of Kilroy Realty Corporation by 11.0% in the first quarter. Profund Advisors LLC now owns 16,715 shares of the real estate investment trust’s stock valued at $1,205,000 after buying an additional 1,653 shares during the period. Delta Lloyd NV raised its position in shares of Kilroy Realty Corporation by 15.6% in the first quarter. Delta Lloyd NV now owns 27,551 shares of the real estate investment trust’s stock valued at $1,943,000 after buying an additional 3,710 shares during the period. Dynamic Capital Management Ltd bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $477,000. Finally, Elkfork Partners LLC raised its position in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Elkfork Partners LLC now owns 6,188 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 1,054 shares during the period. 99.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Kilroy Realty Corporation (KRC) opened at 68.78 on Thursday. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 49.99 and a beta of 0.74. The stock has a 50 day moving average of $72.78 and a 200 day moving average of $73.48. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The company had revenue of $180.60 million for the quarter, compared to analyst estimates of $178.63 million. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a $0.425 dividend. This is a positive change from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.47%. Kilroy Realty Corporation’s dividend payout ratio (DPR) is currently 122.30%.
KRC has been the subject of several research analyst reports. BidaskClub lowered shares of Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Finally, Deutsche Bank AG increased their price objective on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.20.
In other news, insider Justin William Smart sold 10,000 shares of Kilroy Realty Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $76.86, for a total value of $768,600.00. Following the transaction, the insider now owns 93,017 shares of the company’s stock, valued at $7,149,286.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.28% of the company’s stock.
Kilroy Realty Corporation Company Profile
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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