Allianz Asset Management GmbH Sells 320,289 Shares of Kilroy Realty Corporation (NYSE:KRC)

Allianz Asset Management GmbH trimmed its stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 83.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,595 shares of the real estate investment trust's stock after selling 320,289 shares during the period. Allianz Asset Management GmbH owned about 0.05% of Kilroy Realty worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KRC. Resolution Capital Ltd lifted its position in shares of Kilroy Realty by 12.6% in the 4th 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 during the period. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $132,087,000 after acquiring an additional 193,291 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $121,509,000 after acquiring an additional 680,870 shares during the last quarter. Rush Island Management LP purchased a new stake in Kilroy Realty during the fourth quarter valued at approximately $109,502,000. Finally, Northern Trust Corp lifted its position in 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 valued at $84,802,000 after acquiring an additional 1,085,914 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KRC has been the subject of a number of analyst reports. 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. Mizuho decreased their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. BMO Capital Markets cut 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 report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. reduced their target price 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.91.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded down $0.32 during trading on Friday, hitting $36.54. 2,209,149 shares of the stock were exchanged, compared to its average volume of 1,934,650. The stock's fifty day moving average is $35.22 and its 200 day moving average is $34.31. The stock 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. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. The company 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%. Kilroy Realty's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. As a group, sell-side analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

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 $0.54 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.9%. Kilroy Realty's dividend payout ratio (DPR) is presently 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.