Mirae Asset Global Investments Co. Ltd. Has $101,000 Position in Kilroy Realty Corporation (NYSE:KRC)

Mirae Asset Global Investments Co. Ltd. lowered its position in Kilroy Realty Corporation (NYSE:KRC) by 27.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,029 shares of the real estate investment trust’s stock after selling 1,161 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kilroy Realty were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its holdings in Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after buying an additional 293 shares during the last quarter. US Bancorp DE grew its holdings in Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Kilroy Realty by 0.6% during the fourth 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 purchasing an additional 320 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of 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 acquiring an additional 401 shares during the period. Finally, Xponance Inc. boosted its position in shares of Kilroy Realty by 5.8% in the fourth quarter. Xponance Inc. now owns 13,478 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 735 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

KRC has been the subject of several research reports. Jefferies Financial Group initiated coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective for the company. Wells Fargo & Company reduced their target price on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, July 2nd. One research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.90.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $35.29 on Monday. 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 stock has a fifty day moving average price of $33.35 and a two-hundred day moving average price of $34.64. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The firm has a market capitalization of $4.17 billion, a P/E ratio of 21.01 and a beta of 1.19.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $274.90 million. During the same quarter in the prior year, the company earned $1.11 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be paid 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 yield of 6.12%. Kilroy Realty’s dividend payout ratio is currently 128.57%.

Kilroy Realty Company 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.