Schroder Investment Management Group Has $1.69 Million Stake in Kilroy Realty Corporation (KRC)
Schroder Investment Management Group grew its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,494 shares of the real estate investment trust’s stock after buying an additional 759 shares during the quarter. Schroder Investment Management Group’s holdings in Kilroy Realty Corporation were worth $1,689,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $2,363,000. Dynamic Capital Management Ltd acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $477,000. State Treasurer State of Michigan grew its holdings in shares of Kilroy Realty Corporation by 2.0% during the second 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 buying an additional 800 shares during the last quarter. Sentry Investments Corp. acquired a new position in shares of Kilroy Realty Corporation during the second quarter valued at about $15,481,000. Finally, AQR Capital Management LLC grew its holdings in shares of Kilroy Realty Corporation by 114.3% during the first quarter. AQR Capital Management LLC now owns 48,953 shares of the real estate investment trust’s stock valued at $3,528,000 after buying an additional 26,110 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.
KRC has been the subject of a number of analyst reports. Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Monday, August 14th. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. Finally, Bank of America Corporation cut shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $77.00 in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Kilroy Realty Corporation presently has an average rating of “Hold” and a consensus target price of $77.67.
Kilroy Realty Corporation (NYSE KRC) opened at 69.75 on Friday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 50.69 and a beta of 0.75. The company’s 50 day moving average is $68.96 and its 200-day moving average is $72.13. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The firm had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. During the same period in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. Equities analysts anticipate that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, September 29th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is 122.30%.
Kilroy Realty Corporation Profile
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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