Centersquare Investment Management LLC Sells 1,198,850 Shares of Kilroy Realty Corporation (NYSE:KRC)

Key Points

• Centersquare Investment Management LLC sold 1,198,850 shares of Kilroy Realty, reducing its holdings by 92.9% to about 90,991 shares, valued at approximately $2.98 million.
• Kilroy Realty's recent quarterly earnings report showed an EPS of $1.13, beating estimates by $0.12, with revenue of $289.89 million, an increase of 3.3% compared to the previous year.
• The company's dividend yield is currently at 5.7%, with a recent quarterly dividend payment of $0.54 per share, which implies a dividend payout ratio of 117.39%.

Centersquare Investment Management LLC decreased its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 92.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,991 shares of the real estate investment trust's stock after selling 1,198,850 shares during the period. Centersquare Investment Management LLC owned about 0.08% of Kilroy Realty worth $2,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Treasurer of the State of North Carolina grew its position in shares of Kilroy Realty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock valued at $2,079,000 after purchasing an additional 320 shares during the last quarter. US Bancorp DE raised its position in Kilroy Realty by 4.1% during the first quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock valued at $330,000 after purchasing an additional 397 shares in the last quarter. Parallel Advisors LLC raised its position in 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 valued at $181,000 after purchasing an additional 401 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Kilroy Realty by 22.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after buying an additional 614 shares during the last quarter. Finally, Allworth Financial LP grew its stake 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 last quarter. Institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KRC shares. Evercore ISI lifted their price target on shares of Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Mizuho reduced 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. Scotiabank dropped their price objective 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. Finally, BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.91.

Kilroy Realty Price Performance

KRC opened at $37.82 on Wednesday. The firm has a market cap of $4.47 billion, a P/E ratio of 20.55 and a beta of 1.22. The firm has a 50-day moving average of $35.56 and a 200 day moving average of $34.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.01 by $0.12. The business had revenue of $289.89 million for 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 revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, research analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a dividend of $0.54 per share. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.7%. Kilroy Realty's dividend payout ratio is currently 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.

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