Investors Buy Shares of Kilroy Realty Corporation (KRC) on Weakness
Investors bought shares of Kilroy Realty Corporation (NYSE:KRC) on weakness during trading on Friday. $48.46 million flowed into the stock on the tick-up and $5.91 million flowed out of the stock on the tick-down, for a money net flow of $42.55 million into the stock. Of all equities tracked, Kilroy Realty Corporation had the 19th highest net in-flow for the day. Kilroy Realty Corporation traded down ($0.06) for the day and closed at $72.32
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a research report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Bank of America Corporation lowered shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $77.00 in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $77.50.
The firm has a 50-day moving average price of $69.51 and a 200 day moving average price of $71.97. The firm has a market capitalization of $7.11 billion, a PE ratio of 52.56 and a beta of 0.77.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. Equities research analysts expect that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. Kilroy Realty Corporation’s dividend payout ratio is currently 122.30%.
Large investors have recently made changes to their positions in the stock. Timbercreek Asset Management Ltd. grew its stake in shares of Kilroy Realty Corporation by 55.9% during the 2nd quarter. Timbercreek Asset Management Ltd. now owns 144,476 shares of the real estate investment trust’s stock valued at $10,857,000 after acquiring an additional 51,781 shares during the period. Dynamic Capital Management Ltd bought a new position in shares of Kilroy Realty Corporation during the 1st quarter valued at approximately $477,000. State Treasurer State of Michigan grew its stake in shares of Kilroy Realty Corporation by 2.0% during the 2nd quarter. State Treasurer State of Michigan now owns 40,500 shares of the real estate investment trust’s stock valued at $3,044,000 after acquiring an additional 800 shares during the period. Sentry Investments Corp. bought a new position in shares of Kilroy Realty Corporation during the 2nd quarter valued at approximately $15,481,000. Finally, South Dakota Investment Council bought a new position in shares of Kilroy Realty Corporation during the 2nd quarter valued at approximately $932,000. Institutional investors own 99.83% of the company’s stock.
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About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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