21,746 Shares in Kilroy Realty Corporation (NYSE:KRC) Bought by Vestcor Inc

Key Points

• Vestcor Inc has acquired a new stake in Kilroy Realty Corporation, purchasing 21,746 shares valued at approximately $712,000 during the first quarter.
• Kilroy Realty reported earnings of $1.13 per share, exceeding expectations and showing a 3.3% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.54, yielding 5.9%, despite a current dividend payout ratio of 117.39%.

Vestcor Inc acquired a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,746 shares of the real estate investment trust's stock, valued at approximately $712,000.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Kilroy Realty during the first quarter worth $1,297,000. Federated Hermes Inc. increased its stake in Kilroy Realty by 5.9% during the first quarter. Federated Hermes Inc. now owns 1,382,605 shares of the real estate investment trust's stock worth $45,294,000 after acquiring an additional 76,817 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Kilroy Realty by 3,410.7% during the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 3,820 shares during the last quarter. LPL Financial LLC increased its stake in Kilroy Realty by 8.2% during the first quarter. LPL Financial LLC now owns 57,091 shares of the real estate investment trust's stock worth $1,870,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Kilroy Realty by 8.3% in the first quarter. Assetmark Inc. now owns 28,203 shares of the real estate investment trust's stock valued at $924,000 after buying an additional 2,158 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of research reports. Scotiabank dropped their price objective on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research note on Monday, July 14th. 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 research note on Wednesday, July 16th. Wells Fargo & Company decreased 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. Royal Bank Of Canada lifted their target price on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Evercore ISI lifted their target price on Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.00.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded down $0.03 on Thursday, hitting $38.14. The stock had a trading volume of 547,963 shares, compared to its average volume of 1,522,967. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. 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 has a market cap of $4.51 billion, a price-to-earnings ratio of 20.71 and a beta of 1.22. The company's 50 day moving average price is $35.67 and its 200 day moving average price is $34.30.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. The business 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 3.92% and a net margin of 19.29%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. On average, research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, June 30th. Kilroy Realty's dividend payout ratio is 117.39%.

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.