Allworth Financial LP Acquires 634 Shares of Kilroy Realty Corporation (NYSE:KRC)

Allworth Financial LP lifted its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 192.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 964 shares of the real estate investment trust’s stock after buying an additional 634 shares during the quarter. Allworth Financial LP’s holdings in Kilroy Realty were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in Kilroy Realty in the fourth quarter valued at approximately $366,356,000. Resolution Capital Ltd raised its position in shares of Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after acquiring an additional 500,635 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after purchasing an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after purchasing an additional 680,870 shares during the period. Finally, Rush Island Management LP bought a new position in shares of Kilroy Realty in the 4th quarter worth $109,502,000. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. BMO Capital Markets lowered Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 target price for the company. in a research report on Wednesday. Wells Fargo & Company cut their price target on shares of 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. Mizuho reduced their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 14th. Finally, KeyCorp decreased their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and an average price target of $37.73.

Kilroy Realty Price Performance

NYSE KRC opened at $36.80 on Friday. The business has a 50 day simple moving average of $34.18 and a 200 day simple moving average of $34.40. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 21.90 and a beta of 1.19.

Kilroy Realty (NYSE:KRC) last released its quarterly 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). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The company had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.87%. Kilroy Realty’s payout ratio is presently 128.57%.

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.