Yousif Capital Management LLC Lowers Position in Kilroy Realty Corporation (NYSE:KRC)

Yousif Capital Management LLC decreased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,483 shares of the real estate investment trust’s stock after selling 1,071 shares during the period. Yousif Capital Management LLC’s holdings in Kilroy Realty were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 293 shares during the last quarter. US Bancorp DE boosted its holdings in Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 317 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Kilroy Realty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock valued at $2,079,000 after acquiring an additional 320 shares during the period. Sanctuary Advisors LLC boosted its holdings in Kilroy Realty by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 347 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Kilroy Realty by 7.8% in the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Down 1.5%

Shares of Kilroy Realty stock opened at $35.02 on Wednesday. The business has a 50-day moving average of $32.38 and a 200-day moving average of $35.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $4.14 billion, a PE ratio of 20.85 and a beta of 1.18. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $270.84 million for 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 firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, equities analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.17%. Kilroy Realty’s payout ratio is 128.57%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This trade represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

KRC has been the subject of several research reports. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their target price on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their target price on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One investment analyst has 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.10.

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.