Oakbrook Investments LLC cut its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,106 shares of the real estate investment trust’s stock after selling 160 shares during the period. Oakbrook Investments LLC’s holdings in Kilroy Realty Corporation were worth $309,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of KRC. Perigon Wealth Management LLC purchased a new stake in Kilroy Realty Corporation during the first quarter valued at $100,000. Invictus RG bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $131,000. Quantbot Technologies LP bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $150,000. Flinton Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $218,000. 99.72% of the stock is owned by institutional investors and hedge funds.
Kilroy Realty Corporation (KRC) opened at 69.33 on Wednesday. The company has a 50 day moving average of $73.43 and a 200-day moving average of $73.58. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33. The stock has a market capitalization of $6.81 billion, a P/E ratio of 50.39 and a beta of 0.74.
Kilroy Realty Corporation (NYSE:KRC) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million for the quarter, compared to analysts’ expectations of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts anticipate that Kilroy Realty Corporation will post $1.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were paid a $0.425 dividend. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.45%. Kilroy Realty Corporation’s payout ratio is presently 122.30%.
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Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Deutsche Bank AG increased their target price on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $79.20.
In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total value of $766,600.00. Following the sale, the insider now owns 93,017 shares in the company, valued at approximately $7,130,683.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.28% of the company’s stock.
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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