Robeco Institutional Asset Management B.V. Decreases Stock Holdings in Kilroy Realty Corporation (NYSE:KRC)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,417 shares of the real estate investment trust's stock after selling 14,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Kilroy Realty worth $7,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of KRC. Wealthquest Corp acquired a new stake in Kilroy Realty during the 1st quarter worth $320,000. Asset Management One Co. Ltd. increased its position in shares of Kilroy Realty by 1.7% during the first quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock worth $5,169,000 after purchasing an additional 2,586 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Kilroy Realty in the 1st quarter valued at about $251,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Kilroy Realty by 23.2% in the 1st 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. Finally, State of Alaska Department of Revenue grew its stake in Kilroy Realty by 1.6% during 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 buying an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded up $0.35 on Thursday, reaching $35.29. 594,028 shares of the stock were exchanged, compared to its average volume of 1,254,750. The firm has a market capitalization of $4.17 billion, a PE ratio of 21.01 and a beta of 1.19. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The business has a fifty day moving average price of $33.24 and a two-hundred day moving average price of $34.76. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82.

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

Kilroy Realty Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KRC shares. Jefferies Financial Group started coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective for the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank Of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. Finally, KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.