RMR Advisors LLC continued to hold its position in Kilroy Realty Corp. (NYSE:KRC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,600 shares of the real estate investment trust’s stock at the end of the third quarter. RMR Advisors LLC’s holdings in Kilroy Realty Corp. were worth $1,983,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Solaris Asset Management LLC acquired a new position in Kilroy Realty Corp. during the third quarter worth about $116,000. PNC Financial Services Group Inc. increased its position in Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 371 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Kilroy Realty Corp. during the third quarter worth about $201,000. Advisors Asset Management Inc. increased its position in Kilroy Realty Corp. by 33.1% in the second quarter. Advisors Asset Management Inc. now owns 3,195 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 795 shares in the last quarter. Finally, Nuveen Fund Advisors LLC acquired a new position in Kilroy Realty Corp. during the second quarter worth about $220,000.
Kilroy Realty Corp. (NYSE:KRC) traded down 0.98% during mid-day trading on Thursday, hitting $73.49. 561,316 shares of the stock were exchanged. The company has a market cap of $6.78 billion, a P/E ratio of 24.89 and a beta of 0.81. Kilroy Realty Corp. has a one year low of $46.76 and a one year high of $77.54. The company has a 50-day moving average price of $73.83 and a 200-day moving average price of $71.18.
Kilroy Realty Corp. (NYSE:KRC) last released its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Kilroy Realty Corp. had a net margin of 46.62% and a return on equity of 8.94%. The company earned $168.30 million during the quarter, compared to analysts’ expectations of $144.06 million. During the same quarter last year, the business earned $0.77 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Analysts forecast that Kilroy Realty Corp. will post $2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, December 28th. Kilroy Realty Corp.’s dividend payout ratio (DPR) is presently 50.68%.
A number of research firms recently issued reports on KRC. Zacks Investment Research downgraded shares of Kilroy Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Deutsche Bank AG restated a “hold” rating and set a $76.00 target price (down from $80.00) on shares of Kilroy Realty Corp. in a research report on Monday, January 9th. RBC Capital Markets downgraded shares of Kilroy Realty Corp. from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $82.00 to $80.00 in a research report on Tuesday, January 3rd. They noted that the move was a valuation call. Wells Fargo & Co. restated a “buy” rating and set a $78.00 target price on shares of Kilroy Realty Corp. in a research report on Thursday, December 1st. Finally, Evercore ISI downgraded shares of Kilroy Realty Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $77.00 to $76.00 in a research report on Monday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.57.
In related news, COO Jeffrey C. Hawken sold 12,932 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $75.39, for a total value of $974,943.48. Following the completion of the sale, the chief operating officer now owns 404,277 shares in the company, valued at $30,478,443.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey C. Hawken sold 37,068 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $75.15, for a total transaction of $2,785,660.20. Following the completion of the sale, the chief operating officer now owns 404,277 shares of the company’s stock, valued at approximately $30,381,416.55. The disclosure for this sale can be found here. 2.28% of the stock is owned by company insiders.
About Kilroy Realty Corp.
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate 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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