Shell Asset Management Co. Continues to Hold Stake in Kilroy Realty Corporation (KRC)
Shell Asset Management Co. maintained its position in shares of Kilroy Realty Corporation (NYSE:KRC) during the second quarter, Holdings Channel reports. The fund owned 12,962 shares of the real estate investment trust’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Kilroy Realty Corporation were worth $974,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in KRC. Perigon Wealth Management LLC bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $100,000. Invictus RG bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $131,000. Quantbot Technologies LP bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $150,000. Flinton Capital Management LLC raised its position in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at approximately $218,000. 99.72% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Corporation (NYSE KRC) opened at 69.33 on Wednesday. The company has a 50-day moving average of $73.43 and a 200 day moving average of $73.58. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The firm has a market cap of $6.81 billion, a P/E ratio of 50.39 and a beta of 0.74.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 28th. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. Kilroy Realty Corporation’s dividend payout ratio is 122.30%.
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Several equities analysts recently weighed in on KRC shares. Stifel Nicolaus reiterated a “buy” rating on shares of Kilroy Realty Corporation in a report on Thursday, August 3rd. BidaskClub downgraded shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG increased their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $79.20.
In other news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total transaction of $766,600.00. Following the completion of the sale, the insider now owns 93,017 shares in the company, valued at $7,130,683.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.28% of the stock is owned by corporate insiders.
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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