Envestnet Asset Management Inc. Grows Position in Kilroy Realty Corporation (NYSE:KRC)

Key Points

• Envestnet Asset Management increased its stake in Kilroy Realty Corporation by 48.5%, bringing its total ownership to 43,401 shares valued at approximately $1.42 million.
• Several institutional investors have acquired or increased their positions in Kilroy Realty, with 94.22% of the stock now owned by such investors.
• Kilroy Realty announced a quarterly dividend of $0.54 per share, resulting in a dividend yield of 5.9% and an annualized dividend of $2.16.

Envestnet Asset Management Inc. increased its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 48.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,401 shares of the real estate investment trust's stock after purchasing an additional 14,171 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Kilroy Realty were worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KRC. GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty in the 4th quarter worth approximately $82,000. FIL Ltd boosted its position in Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 1,184 shares in the last quarter. Fifth Third Bancorp boosted its position in Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 1,775 shares in the last quarter. Parallel Advisors LLC boosted its position in Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 401 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

KRC has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a research 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 on the stock. in a research report on Wednesday, July 16th. Wells Fargo & Company decreased their target price on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Evercore ISI increased their target price on Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a research report on Wednesday. Finally, Mizuho decreased their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.91.

Kilroy Realty Trading Down 0.9%

Shares of KRC traded down $0.32 during midday trading on Friday, reaching $36.54. The company had a trading volume of 2,209,149 shares, compared to its average volume of 1,934,650. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The stock has a market cap of $4.32 billion, a PE ratio of 19.86 and a beta of 1.19. The firm has a 50 day simple moving average of $35.32 and a 200-day simple moving average of $34.31. The company has a quick ratio of 2.07, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a dividend of $0.54 per share. The ex-dividend date was Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.9%. Kilroy Realty's dividend payout ratio is currently 117.39%.

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.