Federated Hermes Inc. Increases Stake in Kilroy Realty Corporation (NYSE:KRC)

Federated Hermes Inc. lifted its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,382,605 shares of the real estate investment trust's stock after buying an additional 76,817 shares during the period. Federated Hermes Inc. owned about 1.17% of Kilroy Realty worth $45,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock worth $203,000 after buying an additional 1,168 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Kilroy Realty by 1.7% in the first 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 in the last quarter. Pictet Asset Management Holding SA raised its stake in Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock worth $1,558,000 after acquiring an additional 1,747 shares during the last quarter. Fifth Third Bancorp lifted its stake 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 valued at $141,000 after acquiring an additional 1,775 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $251,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KRC shares. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research report on Wednesday, July 16th. Evercore ISI increased their price target on Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of 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 dropped their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two 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 data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.91.

Kilroy Realty Price Performance

Kilroy Realty stock traded up $0.76 during trading hours on Monday, reaching $37.31. 511,904 shares of the stock were exchanged, compared to its average volume of 1,518,575. The stock has a 50 day moving average of $35.32 and a two-hundred day moving average of $34.26. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a market cap of $4.41 billion, a P/E ratio of 20.25 and a beta of 1.22. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same period last year, the company earned $1.10 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. Equities analysts expect 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. Shareholders of record on Monday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio 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.