Allianz Asset Management GmbH Lowers Stock Position in Kilroy Realty Corporation (NYSE:KRC)

Allianz Asset Management GmbH lowered its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 83.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,595 shares of the real estate investment trust's stock after selling 320,289 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.05% of Kilroy Realty worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KRC. Treasurer of the State of North Carolina boosted its position in shares of Kilroy Realty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock worth $2,079,000 after buying an additional 320 shares during the period. Parallel Advisors LLC boosted its position in shares of Kilroy Realty by 7.8% during the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after buying an additional 401 shares during the period. Allworth Financial LP boosted its position in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after buying an additional 634 shares during the period. Summit Trail Advisors LLC boosted its position in shares of Kilroy Realty by 4.3% during the first quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust's stock worth $562,000 after buying an additional 694 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Kilroy Realty by 6.7% during the fourth quarter. Cetera Investment Advisers now owns 13,830 shares of the real estate investment trust's stock worth $559,000 after buying an additional 874 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Scotiabank decreased their target price on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. Finally, Evercore ISI lifted their target price on Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kilroy Realty has an average rating of "Hold" and an average target price of $37.91.

Kilroy Realty Stock Performance

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

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, sell-side analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors 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 payout ratio is 117.39%.

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.