Cambridge Investment Research Advisors Inc. Purchases 1,168 Shares of Kilroy Realty Corporation (NYSE:KRC)

Cambridge Investment Research Advisors Inc. raised its position in Kilroy Realty Corporation (NYSE:KRC) by 23.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,205 shares of the real estate investment trust’s stock after acquiring an additional 1,168 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kilroy Realty were worth $203,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust’s stock valued at $1,558,000 after acquiring an additional 1,747 shares in the last quarter. Fifth Third Bancorp lifted 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 in the last quarter. GAMMA Investing LLC lifted its stake in Kilroy Realty by 2,913.6% in the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust’s stock valued at $1,700,000 after acquiring an additional 53,844 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Kilroy Realty by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 69,537 shares of the real estate investment trust’s stock valued at $2,276,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Kilroy Realty in the 4th quarter valued at approximately $1,404,000. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 0.0%

KRC stock opened at $37.21 on Tuesday. 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 $4.40 billion, a PE ratio of 22.15 and a beta of 1.19. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The business’s 50 day simple moving average is $33.72 and its 200 day simple moving average is $34.42.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.57% and a net margin of 17.74%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 earnings per share. As a group, research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

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 of this dividend was Monday, June 30th. Kilroy Realty’s payout ratio is presently 128.57%.

Analyst Ratings Changes

Several research firms have commented on KRC. JPMorgan Chase & Co. cut their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 2nd. Wells Fargo & Company dropped their price objective on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. KeyCorp dropped their price objective 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, Scotiabank dropped their price objective on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

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.