Vanguard Group Inc. Decreases Stock Position in Kilroy Realty Corporation $KRC

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. lowered its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 about 13.61% of Kilroy Realty worth $527,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its stake in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 634 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty during the 4th quarter valued at about $82,000. PNC Financial Services Group Inc. grew its position in Kilroy Realty by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 614 shares during the last quarter. Meeder Asset Management Inc. increased its stake in 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 period. Finally, Fifth Third Bancorp increased its stake 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 during the period. Institutional investors own 94.22% of the company's stock.

Insider Activity at Kilroy Realty

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. Royal Bank Of Canada boosted their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lowered their price objective 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. Evercore ISI set a $42.00 target price on shares of Kilroy Realty and gave the stock an "in-line" rating in a report on Monday. Finally, BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $37.91.

Kilroy Realty Stock Up 2.1%

KRC traded up $0.82 during trading on Tuesday, reaching $38.99. The stock had a trading volume of 208,186 shares, compared to its average volume of 1,501,957. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.19 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. The stock's 50 day moving average is $36.40 and its two-hundred day moving average is $34.20.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same period last year, the business earned $1.10 EPS. Kilroy Realty's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

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.