Vanguard Group Inc. boosted its stake in shares of Kilroy Realty Corp. (NYSE:KRC) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,929,788 shares of the real estate investment trust’s stock after buying an additional 380,082 shares during the period. Vanguard Group Inc. owned 15.11% of Kilroy Realty Corp. worth $923,405,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 371 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Kilroy Realty Corp. by 33.1% in the second quarter. Advisors Asset Management Inc. now owns 3,195 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 795 shares during the last quarter. BB&T Securities LLC bought a new position in shares of Kilroy Realty Corp. during the second quarter valued at $217,000. Timber Hill LLC bought a new position in shares of Kilroy Realty Corp. during the second quarter valued at $235,000. Finally, BlackRock Japan Co. Ltd increased its position in shares of Kilroy Realty Corp. by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 4,898 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 51 shares during the last quarter.
Kilroy Realty Corp. (NYSE:KRC) opened at 69.68 on Friday. Kilroy Realty Corp. has a 12 month low of $46.76 and a 12 month high of $74.17. The stock has a market capitalization of $6.43 billion, a PE ratio of 19.89 and a beta of 1.02. The firm has a 50-day moving average price of $70.92 and a 200 day moving average price of $65.65.
Kilroy Realty Corp. (NYSE:KRC) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Kilroy Realty Corp. had a return on equity of 10.85% and a net margin of 57.28%. The business earned $160.10 million during the quarter, compared to analysts’ expectations of $140.64 million. During the same period in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Kilroy Realty Corp. will post $3.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, September 28th. Kilroy Realty Corp.’s dividend payout ratio is 42.74%.
Several brokerages have recently weighed in on KRC. Stifel Nicolaus raised their price target on Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Robert W. Baird restated an “outperform” rating and set a $78.00 price target on shares of Kilroy Realty Corp. in a report on Friday, August 26th. BTIG Research began coverage on Kilroy Realty Corp. in a report on Thursday, August 25th. They set a “buy” rating and a $80.00 price target for the company. Zacks Investment Research upgraded Kilroy Realty Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. raised their price target on Kilroy Realty Corp. from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.64.
Kilroy Realty Corp. Company Profile
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
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