Victory Capital Management Inc. Boosts Stake in Kilroy Realty Corporation (NYSE:KRC)

Victory Capital Management Inc. grew its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 989,444 shares of the real estate investment trust's stock after purchasing an additional 157,052 shares during the quarter. Victory Capital Management Inc. owned about 0.84% of Kilroy Realty worth $32,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund increased its position in Kilroy Realty by 6.8% during the first quarter. New York State Common Retirement Fund now owns 94,392 shares of the real estate investment trust's stock worth $3,092,000 after acquiring an additional 6,000 shares during the period. Xponance Inc. grew its stake in shares of Kilroy Realty by 7.0% in the 1st quarter. Xponance Inc. now owns 14,415 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 937 shares during the period. Allworth Financial LP grew its holdings in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Kilroy Realty by 6.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 49,420 shares of the real estate investment trust's stock worth $1,602,000 after buying an additional 2,823 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Kilroy Realty by 48.5% during the first quarter. Envestnet Asset Management Inc. now owns 43,401 shares of the real estate investment trust's stock worth $1,422,000 after buying an additional 14,171 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.29 during trading hours on Thursday, hitting $37.55. The company's stock had a trading volume of 319,825 shares, compared to its average volume of 1,457,353. The company has a market cap of $4.44 billion, a PE ratio of 22.33 and a beta of 1.19. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78. The business has a 50 day moving average price of $34.64 and a two-hundred day moving average price of $34.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The firm had revenue of $270.84 million during 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%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. Analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.75%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio is currently 128.57%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KRC shares. Mizuho reduced their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Scotiabank lowered their target price on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a research note on Monday, July 14th. JPMorgan Chase & Co. dropped 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. Finally, BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.73.

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.