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

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

Kilroy Realty Price Performance

Shares of NYSE KRC traded down $0.08 during midday trading on Tuesday, hitting $37.46. The company had a trading volume of 688,799 shares, compared to its average volume of 1,520,515. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $43.78. The business has a 50-day simple moving average of $35.32 and a two-hundred day simple moving average of $34.26. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 20.34 and a beta of 1.22.

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

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, June 30th. Kilroy Realty's payout ratio is currently 117.39%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KRC shares. Wells Fargo & Company lowered 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. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Mizuho lowered their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, July 14th. Scotiabank reduced their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Finally, Evercore ISI boosted their price target on shares of Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kilroy Realty has a consensus 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.