Bayforest Capital Ltd Invests $412,000 in Kilroy Realty Corporation (NYSE:KRC)

Key Points

• Bayforest Capital Ltd acquired 12,586 shares of Kilroy Realty Corporation (NYSE: KRC), valued at approximately $412,000, during the first quarter.
• Analysts have set a new consensus rating of "Hold" for Kilroy Realty with an average price target of $37.91, reflecting varied opinions with recent downgrades by several firms.
• The company reported a quarterly earnings per share of $1.13, exceeding expectations and marking a year-over-year revenue increase of 3.3% to approximately $289.89 million.

Bayforest Capital Ltd acquired a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,586 shares of the real estate investment trust's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KRC. Allworth Financial LP raised its position in Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 634 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty in the 4th quarter worth about $82,000. Meeder Asset Management Inc. lifted its holdings in shares of Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 3,820 shares during the last quarter. FIL Ltd lifted its holdings in Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 1,184 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

NYSE:KRC traded down $0.32 during midday trading on Friday, reaching $36.54. The stock had a trading volume of 2,209,149 shares, compared to its average volume of 1,934,650. The firm has a fifty day simple moving average of $35.32 and a two-hundred day simple moving average of $34.31. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a quick ratio of 2.07, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.32 billion, a P/E ratio of 19.86 and a beta of 1.19.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million for the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. On average, equities analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.9%. Kilroy Realty's dividend payout ratio is currently 117.39%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KRC shares. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Scotiabank reduced their price objective on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research report on Monday, July 14th. Evercore ISI increased their target price on shares of Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Finally, BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.91.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.