Swiss National Bank increased its position in shares of Kilroy Realty Corp (NYSE:KRC) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,411 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the period. Swiss National Bank owned approximately 0.17% of Kilroy Realty worth $12,163,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in Kilroy Realty during the fourth quarter worth about $558,000. Ontario Teachers Pension Plan Board purchased a new position in Kilroy Realty during the fourth quarter worth about $546,000. Land & Buildings Investment Management LLC purchased a new position in Kilroy Realty in the fourth quarter valued at about $18,356,000. Heitman Real Estate Securities LLC increased its holdings in Kilroy Realty by 22.5% in the fourth quarter. Heitman Real Estate Securities LLC now owns 555,608 shares of the real estate investment trust’s stock valued at $41,476,000 after buying an additional 101,933 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Kilroy Realty by 78.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 24,300 shares of the real estate investment trust’s stock valued at $1,814,000 after buying an additional 10,694 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. TheStreet raised shares of Kilroy Realty from a “c+” rating to a “b-” rating in a report on Thursday, May 10th. Stifel Nicolaus increased their target price on shares of Kilroy Realty from $77.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, May 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $77.00 target price on shares of Kilroy Realty in a report on Thursday, April 26th. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $75.00 price objective on shares of Kilroy Realty in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Kilroy Realty has a consensus rating of “Hold” and an average price target of $76.22.
In related news, CEO John B. Kilroy, Jr. sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $71.93, for a total transaction of $1,007,020.00. Following the sale, the chief executive officer now owns 787,149 shares in the company, valued at $56,619,627.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tyler H. Rose sold 15,000 shares of Kilroy Realty stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 110,056 shares in the company, valued at approximately $7,908,624.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,207 shares of company stock worth $4,495,914. 2.22% of the stock is owned by company insiders.
Shares of Kilroy Realty traded up $0.41, reaching $75.99, during mid-day trading on Thursday, according to Marketbeat.com. 429,200 shares of the company’s stock were exchanged, compared to its average volume of 538,267. Kilroy Realty Corp has a 52-week low of $62.91 and a 52-week high of $77.73. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.44 and a quick ratio of 1.44.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $178.02 million. During the same quarter last year, the business posted $0.81 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. equities analysts expect that Kilroy Realty Corp will post 3.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, June 29th will be given a dividend of $0.455 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.43. Kilroy Realty’s dividend payout ratio (DPR) is 50.00%.
About Kilroy Realty
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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