GSA Capital Partners LLP Acquires New Position in Kilroy Realty Corporation (NYSE:KRC)

GSA Capital Partners LLP bought a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 39,583 shares of the real estate investment trust's stock, valued at approximately $1,297,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its position in shares of Kilroy Realty by 192.1% in 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 in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Kilroy Realty in the 4th quarter worth about $82,000. Meeder Asset Management Inc. raised its position in shares of Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 3,820 shares during the last quarter. FIL Ltd boosted its holdings in shares of Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Kilroy Realty by 70.4% in the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after buying an additional 1,775 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of KRC stock traded up $0.75 during trading hours on Monday, hitting $37.30. The company had a trading volume of 511,904 shares, compared to its average volume of 1,518,575. The firm's fifty day moving average is $35.32 and its 200 day moving average is $34.26. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.25 and a beta of 1.22. 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 (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. On average, sell-side analysts predict that Kilroy Realty Corporation will post 4 EPS for the current fiscal 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 issued a $0.54 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.8%. Kilroy Realty's dividend payout ratio (DPR) is presently 117.39%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI boosted their price target on shares of 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 lowered their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. BMO Capital Markets downgraded 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. Mizuho dropped their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock 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 stock. According to MarketBeat.com, Kilroy Realty has an average rating of "Hold" and a consensus target price of $37.91.

About Kilroy Realty

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.