Bank of New York Mellon Corp Sells 98,110 Shares of Kilroy Realty Corporation (NYSE:KRC)

Bank of New York Mellon Corp cut its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 957,535 shares of the real estate investment trust's stock after selling 98,110 shares during the quarter. Bank of New York Mellon Corp owned 0.81% of Kilroy Realty worth $31,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Kilroy Realty by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 1,168 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Kilroy Realty by 1.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock worth $5,169,000 after acquiring an additional 2,586 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Kilroy Realty by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after buying an additional 1,747 shares during the last quarter. Fifth Third Bancorp boosted its position in Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,775 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Kilroy Realty during the 1st quarter valued at about $251,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

Shares of KRC traded up $0.08 during mid-day trading on Friday, hitting $36.80. The company's stock had a trading volume of 1,359,538 shares, compared to its average volume of 1,279,028. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78. The stock's 50-day moving average is $34.18 and its two-hundred day moving average is $34.40. The firm has a market capitalization of $4.35 billion, a PE ratio of 21.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. Kilroy Realty's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. As a group, sell-side analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business 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. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 5.87%. Kilroy Realty's dividend payout ratio is currently 128.57%.

Analysts Set New Price Targets

KRC has been the topic of a number of research reports. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. cut their target price 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. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a report on Wednesday. Mizuho lowered their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Scotiabank dropped 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $37.73.

Kilroy Realty Company 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.