Kilroy Realty Corporation $KRC Stock Holdings Lowered by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Kilroy Realty Corporation by 1.8%, now owning approximately 13.61% of the company, valued at around $527.4 million.
• Kilroy Realty reported an EPS of $1.13 for the last quarter, exceeding analysts' expectations of $1.01, with revenue reaching $289.89 million, which is up 3.3% year-over-year.
• The company announced a quarterly dividend of $0.54 per share, representing a 5.6% annual yield, but its payout ratio is notably high at 117.39%.

Vanguard Group Inc. reduced its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,100,216 shares of the real estate investment trust's stock after selling 299,844 shares during the period. Vanguard Group Inc. owned approximately 13.61% of Kilroy Realty worth $527,443,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Kilroy Realty by 23.2% during 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 purchasing an additional 1,168 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Kilroy Realty by 1.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock worth $5,169,000 after buying an additional 2,586 shares during the last quarter. Fifth Third Bancorp grew its holdings 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 valued at $141,000 after buying an additional 1,775 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Kilroy Realty during the 1st quarter valued at about $251,000. Finally, GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 2,913.6% in the first quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust's stock worth $1,700,000 after acquiring an additional 53,844 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRC has been the topic of a number of recent analyst reports. Scotiabank cut their price target 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. Zacks Research upgraded Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their price target on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Wells Fargo & Company cut their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of "Hold" and a consensus price target of $37.91.

Insider Activity

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Kilroy Realty Stock Down 0.8%

NYSE:KRC traded down $0.33 on Monday, reaching $38.38. The stock had a trading volume of 360,614 shares, compared to its average volume of 1,506,725. The company has a 50-day moving average of $36.33 and a 200 day moving average of $34.21. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.54 billion, a P/E ratio of 20.86 and a beta of 1.22. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. Kilroy Realty's revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.6%. Kilroy Realty's 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.