Meristem Family Wealth LLC acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,380 shares of the real estate investment trust’s stock, valued at approximately $222,000.
Other hedge funds have also recently bought and sold shares of the company. JJJ Advisors Inc. boosted its position in shares of Kilroy Realty by 199.2% during the first quarter. JJJ Advisors Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 255 shares during the period. Lazard Asset Management LLC bought a new stake in Kilroy Realty during the fourth quarter worth about $29,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Kilroy Realty by 29.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,359 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 543 shares in the last quarter. Fosun International Ltd bought a new stake in Kilroy Realty during the first quarter worth about $209,000. Finally, Fort Point Capital Partners LLC bought a new stake in Kilroy Realty during the fourth quarter worth about $217,000. 91.21% of the stock is owned by institutional investors.
Several analysts recently issued reports on KRC shares. BMO Capital Markets upped their target price on Kilroy Realty from $75.00 to $79.00 and gave the stock an “outperform” rating in a report on Monday, April 5th. Evercore ISI upgraded Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Monday, April 12th. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a report on Monday, April 19th. Mizuho upped their target price on Kilroy Realty from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Kilroy Realty from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Monday, April 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $67.90.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Tuesday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.63). The firm had revenue of $235.65 million for the quarter, compared to the consensus estimate of $239.10 million. Kilroy Realty had a return on equity of 12.01% and a net margin of 70.66%. Kilroy Realty’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. On average, research analysts predict that Kilroy Realty Co. will post 3.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Wednesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. Kilroy Realty’s dividend payout ratio (DPR) is currently 53.91%.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
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