Great West Life Assurance Co. Can Boosts Stake in Kilroy Realty Corporation (KRC)
Great West Life Assurance Co. Can raised its position in Kilroy Realty Corporation (NYSE:KRC) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,741 shares of the real estate investment trust’s stock after buying an additional 2,139 shares during the period. Great West Life Assurance Co. Can’s holdings in Kilroy Realty Corporation were worth $9,369,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Kilroy Realty Corporation by 4,354.2% in the first quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock worth $803,452,000 after buying an additional 10,896,443 shares during the last quarter. Morgan Stanley boosted its position in shares of Kilroy Realty Corporation by 617.2% in the first quarter. Morgan Stanley now owns 1,070,178 shares of the real estate investment trust’s stock worth $77,138,000 after buying an additional 920,954 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Kilroy Realty Corporation by 707.1% in the first quarter. Bank of Montreal Can now owns 952,162 shares of the real estate investment trust’s stock worth $68,632,000 after buying an additional 834,194 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Kilroy Realty Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock worth $1,076,904,000 after buying an additional 799,701 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its position in shares of Kilroy Realty Corporation by 17.6% in the first quarter. Brookfield Asset Management Inc. now owns 2,410,474 shares of the real estate investment trust’s stock worth $173,747,000 after buying an additional 360,974 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.
Shares of Kilroy Realty Corporation (KRC) opened at 68.35 on Friday. The company has a 50-day moving average of $72.55 and a 200 day moving average of $73.44. The firm has a market capitalization of $6.72 billion, a PE ratio of 49.67 and a beta of 0.74. 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 announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. On average, analysts predict that Kilroy Realty Corporation will post $1.26 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a dividend of $0.425 per share. This is a positive change from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, June 28th. Kilroy Realty Corporation’s payout ratio is presently 122.30%.
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A number of equities analysts have issued reports on KRC shares. BidaskClub upgraded shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Finally, Deutsche Bank AG lifted their target price 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. 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.20.
In related news, insider Justin William Smart sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $76.86, for a total value of $768,600.00. Following the completion of the transaction, the insider now directly owns 93,017 shares in the company, valued at approximately $7,149,286.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.28% of the stock is currently owned by 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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