Wealthquest Corp Buys New Position in Kilroy Realty Corporation (NYSE:KRC)

Key Points

• Wealthquest Corp has acquired 9,780 shares of Kilroy Realty Corporation (NYSE: KRC), valued at approximately $320,000, as part of its investment strategy in the first quarter.
• Analysts have mixed views on Kilroy Realty, with target prices ranging from $33.00 to $43.00, and the company currently holds a consensus rating of "Hold" with an average price target of $37.91.
• Kilroy Realty recently declared a quarterly dividend of $0.54 per share, yielding 5.9%, despite a high dividend payout ratio of 117.39%.

Wealthquest Corp bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,780 shares of the real estate investment trust's stock, valued at approximately $320,000.

Other institutional investors have also recently bought and sold shares of the company. Resolution Capital Ltd boosted its position in shares of Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after purchasing an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after purchasing an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock worth $121,509,000 after purchasing an additional 680,870 shares in the last quarter. Rush Island Management LP bought a new position in shares of Kilroy Realty during the fourth quarter worth $109,502,000. Finally, Northern Trust Corp boosted its position in shares of Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock worth $84,802,000 after purchasing an additional 1,085,914 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.32 on Friday, reaching $36.54. 2,209,149 shares of the stock were exchanged, compared to its average volume of 1,934,650. The firm has a market cap of $4.32 billion, a PE ratio of 19.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.35. The firm's 50 day moving average is $35.32 and its 200-day moving average is $34.29. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 analysts' expectations of $268.84 million. During the same period in the prior year, the company posted $1.10 EPS. The company's revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio is 117.39%.

Wall Street Analyst Weigh In

Several research firms recently commented on KRC. Wells Fargo & Company cut 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. Scotiabank lowered their price target on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a research note on Monday, July 14th. Evercore ISI lifted their price target on shares of Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Finally, 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 note on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average 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.