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

A number of other institutional investors have also modified their holdings of the business. Vestcor Inc acquired a new position in shares of Kilroy Realty in the 1st quarter valued at $712,000. GSA Capital Partners LLP acquired a new position in shares of Kilroy Realty in the 1st quarter valued at $1,297,000. Federated Hermes Inc. increased its holdings in shares of Kilroy Realty by 5.9% in the 1st quarter. Federated Hermes Inc. now owns 1,382,605 shares of the real estate investment trust's stock valued at $45,294,000 after acquiring an additional 76,817 shares during the period. Meeder Asset Management Inc. increased 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 valued at $129,000 after acquiring an additional 3,820 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Kilroy Realty by 8.2% in the 1st quarter. LPL Financial LLC now owns 57,091 shares of the real estate investment trust's stock valued at $1,870,000 after acquiring an additional 4,345 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

KRC stock traded up $0.74 during trading on Monday, hitting $37.29. The stock had a trading volume of 549,605 shares, compared to its average volume of 1,518,793. The company's 50 day moving average price is $35.32 and its two-hundred day moving average price is $34.26. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 20.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the previous year, the company posted $1.10 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current fiscal 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 5.8%. Kilroy Realty's dividend payout ratio is currently 117.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank cut their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a report on Monday, July 14th. Evercore ISI lifted their price objective 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, July 30th. Wells Fargo & Company lowered their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Mizuho lowered their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Finally, BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research report on Wednesday, July 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.91.

Kilroy Realty Profile

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.