Kilroy Realty Corporation (NYSE:KRC) Stake Increased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kilroy Realty Corporation by 18.7%, acquiring an additional 54,937 shares for a total of 348,919 shares valued at approximately $11.4 million.
• Institutional investors own 94.22% of Kilroy Realty, with several firms like Victory Capital Management and New York State Common Retirement Fund also raising their stakes in the first quarter of the year.
• Analysts have downgraded Kilroy Realty's stock price targets, with Goldman Sachs setting a new price objective of $36.00, down from $42.00, and the company's stock currently has an average rating of "Hold."

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,919 shares of the real estate investment trust's stock after purchasing an additional 54,937 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.30% of Kilroy Realty worth $11,431,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KRC. Norges Bank bought a new position in shares of Kilroy Realty during the fourth quarter valued at approximately $366,356,000. Rush Island Management LP bought a new position in shares of Kilroy Realty during the fourth quarter valued at approximately $109,502,000. Bamco Inc. NY bought a new position in shares of Kilroy Realty during the fourth quarter valued at approximately $58,747,000. Northern Trust Corp grew its holdings in shares of Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after purchasing an additional 1,085,914 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock valued at $32,987,000 after purchasing an additional 753,999 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KRC. Wells Fargo & Company lowered their target price 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. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. KeyCorp decreased their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Finally, Scotiabank decreased their price objective on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.73.

Kilroy Realty Price Performance

KRC traded up $1.33 during trading on Tuesday, reaching $37.94. The stock had a trading volume of 780,618 shares, compared to its average volume of 1,482,649. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 22.58 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. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The stock has a 50 day moving average of $34.89 and a two-hundred day moving average of $34.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders 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 dividend on an annualized basis and a yield of 5.69%. Kilroy Realty's dividend payout ratio (DPR) is 128.57%.

Kilroy Realty Company 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.