Wealthquest Corp Acquires New Shares in Kilroy Realty Corporation (NYSE:KRC)

Wealthquest Corp acquired a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,780 shares of the real estate investment trust's stock, valued at approximately $320,000.

Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $49,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty in the 4th quarter valued at $82,000. FIL Ltd raised its stake in Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 1,184 shares during the period. Fifth Third Bancorp raised its stake in Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Kilroy Realty in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC stock traded up $0.50 during trading hours on Thursday, hitting $34.62. 1,067,385 shares of the stock were exchanged, compared to its average volume of 1,256,525. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $4.10 billion, a P/E ratio of 20.61 and a beta of 1.18. The company has a 50-day simple moving average of $32.97 and a two-hundred day simple moving average of $34.99. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Monday, June 30th. Kilroy Realty's payout ratio is currently 128.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp dropped their price target 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. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price target on the stock. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.10.

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.