Cerity Partners LLC decreased its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 51.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,832 shares of the real estate investment trust's stock after selling 42,513 shares during the quarter. Cerity Partners LLC's holdings in Kilroy Realty were worth $1,338,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Kilroy Realty during the 4th quarter worth about $366,356,000. Resolution Capital Ltd lifted its position in Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after acquiring an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after acquiring an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock worth $121,509,000 after acquiring an additional 680,870 shares during the period. Finally, Rush Island Management LP acquired a new stake in Kilroy Realty during the 4th quarter worth about $109,502,000. Institutional investors and hedge funds own 94.22% of the company's stock.
Kilroy Realty Price Performance
NYSE:KRC traded down $0.06 during trading hours on Friday, hitting $37.19. 170,552 shares of the stock were exchanged, compared to its average volume of 1,461,499. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The firm's fifty day moving average price is $34.73 and its 200 day moving average price is $34.30. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.40 billion, a P/E ratio of 22.01 and a beta of 1.19.
Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. Kilroy Realty's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. As a group, equities research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.
Kilroy Realty Dividend Announcement
The business also recently declared 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 was Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.81%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on KRC. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. Wells Fargo & Company decreased their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Mizuho decreased their price objective on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus price target of $37.73.
View Our Latest Analysis on Kilroy Realty
Kilroy Realty Company Profile
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Free Report)
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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