Victory Capital Management Inc. Purchases 157,052 Shares of Kilroy Realty Corporation (NYSE:KRC)

Victory Capital Management Inc. lifted its stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 18.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 989,444 shares of the real estate investment trust's stock after purchasing an additional 157,052 shares during the period. Victory Capital Management Inc. owned 0.84% of Kilroy Realty worth $32,414,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after buying an additional 634 shares during the period. Summit Securities Group LLC bought a new position in shares of Kilroy Realty during the 4th quarter valued at about $49,000. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $82,000. FIL Ltd increased its stake in Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 1,775 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KRC shares. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 16th. The Goldman Sachs Group reaffirmed 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. 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. KeyCorp cut their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Two equities research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $37.73.

Kilroy Realty Stock Down 1.7%

KRC traded down $0.63 during trading on Thursday, reaching $37.21. 2,216,861 shares of the stock were exchanged, compared to its average volume of 1,411,390. The stock has a market cap of $4.40 billion, a P/E ratio of 22.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07. The stock's 50 day moving average price is $34.73 and its two-hundred day moving average price is $34.30. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its 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 firm had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. Equities analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Monday, June 30th. Kilroy Realty's payout ratio is presently 128.57%.

Kilroy Realty 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.