Oppenheimer Asset Management Inc. Purchases Shares of 7,649 Kilroy Realty Corporation (NYSE:KRC)

Oppenheimer Asset Management Inc. acquired a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,649 shares of the real estate investment trust's stock, valued at approximately $251,000.

A number of other large investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 1,168 shares during the period. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 69,537 shares of the real estate investment trust's stock worth $2,276,000 after acquiring an additional 1,081 shares during the period. CWA Asset Management Group LLC raised its holdings in Kilroy Realty by 55.2% in the 1st quarter. CWA Asset Management Group LLC now owns 23,335 shares of the real estate investment trust's stock worth $764,000 after acquiring an additional 8,297 shares during the period. Hanson & Doremus Investment Management lifted its position in Kilroy Realty by 6.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 101,750 shares of the real estate investment trust's stock worth $3,333,000 after acquiring an additional 6,375 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Kilroy Realty by 70.4% during the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

Kilroy Realty stock traded up $0.35 on Friday, hitting $35.29. The company's stock had a trading volume of 594,028 shares, compared to its average volume of 1,257,696. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78. The firm has a market cap of $4.17 billion, a P/E ratio of 21.01 and a beta of 1.19. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $33.30 and a 200-day moving average price of $34.71.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. On average, equities analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.12%. The ex-dividend date is Monday, June 30th. Kilroy Realty's dividend payout ratio is 128.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. KeyCorp dropped their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada cut their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $38.90.

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.