Jupiter Asset Management Ltd. Invests $1.24 Million in Kilroy Realty Corporation (NYSE:KRC)

Jupiter Asset Management Ltd. acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,710 shares of the real estate investment trust's stock, valued at approximately $1,235,000.

Several other large investors also recently made changes to their positions in KRC. US Bancorp DE grew its position in Kilroy Realty by 4.1% in 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. Wealthquest Corp bought a new position in Kilroy Realty in the first quarter valued at $320,000. Bayforest Capital Ltd bought a new position in Kilroy Realty in the first quarter valued at $412,000. Vestcor Inc bought a new position in Kilroy Realty in the first quarter valued at $712,000. Finally, GSA Capital Partners LLP bought a new position in Kilroy Realty in the first quarter valued at $1,297,000. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

NYSE KRC opened at $37.54 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a 50-day moving average of $35.32 and a 200-day moving average of $34.26. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The stock has a market cap of $4.44 billion, a PE ratio of 20.40 and a beta of 1.22.

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 EPS for the quarter, beating 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 firm had revenue of $289.89 million for the quarter, compared to analyst estimates of $268.84 million. During the same period in the prior year, the firm posted $1.10 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were paid a $0.54 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 5.8%. Kilroy Realty's payout ratio is 117.39%.

Analysts Set New Price Targets

KRC has been the subject of a number of analyst reports. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a research report on Wednesday, July 16th. Evercore ISI increased their price target on shares of Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Wells Fargo & Company cut their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Mizuho cut their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.91.

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.

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