HGI Capital Management LLC Invests $2.21 Million in Kilroy Realty Corporation (NYSE:KRC)
HGI Capital Management LLC bought a new stake in Kilroy Realty Corporation (NYSE:KRC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,439 shares of the real estate investment trust’s stock, valued at approximately $2,212,000. Kilroy Realty Corporation comprises approximately 2.7% of HGI Capital Management LLC’s portfolio, making the stock its 18th largest position.
Several other large investors have also bought and sold shares of KRC. Great West Life Assurance Co. Can increased its stake in Kilroy Realty Corporation by 10.9% in the first quarter. Great West Life Assurance Co. Can now owns 122,602 shares of the real estate investment trust’s stock valued at $8,834,000 after buying an additional 12,044 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Kilroy Realty Corporation by 10.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,388 shares of the real estate investment trust’s stock valued at $1,109,000 after buying an additional 1,426 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Kilroy Realty Corporation by 6.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 34,067 shares of the real estate investment trust’s stock valued at $2,456,000 after buying an additional 1,944 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Kilroy Realty Corporation by 23.8% in the first quarter. Russell Investments Group Ltd. now owns 357,342 shares of the real estate investment trust’s stock valued at $25,751,000 after buying an additional 68,773 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in Kilroy Realty Corporation by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 868 shares during the last quarter. 99.72% of the stock is owned by institutional investors.
Shares of Kilroy Realty Corporation (NYSE:KRC) opened at 68.78 on Thursday. The company has a market capitalization of $6.76 billion, a P/E ratio of 49.99 and a beta of 0.74. The firm has a 50-day moving average of $72.78 and a 200-day moving average of $73.48. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. On average, equities analysts predict that Kilroy Realty Corporation will post $1.26 earnings per share for the current 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 $0.425 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.47%. Kilroy Realty Corporation’s payout ratio is currently 122.30%.
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A number of brokerages have issued reports on KRC. BidaskClub raised shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Deutsche Bank AG upped their price objective on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $79.20.
In other news, insider Justin William Smart sold 10,000 shares of Kilroy Realty Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total value of $766,600.00. Following the completion of the sale, the insider now directly owns 93,017 shares in the company, valued at $7,130,683.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.28% of the company’s stock.
Kilroy Realty Corporation Company 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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