Kilroy Realty Corporation (KRC) Stake Increased by Citigroup Inc.
Citigroup Inc. grew its holdings in Kilroy Realty Corporation (NYSE:KRC) by 19.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,473 shares of the real estate investment trust’s stock after buying an additional 21,001 shares during the quarter. Citigroup Inc. owned 0.13% of Kilroy Realty Corporation worth $9,655,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in shares of Kilroy Realty Corporation in the first quarter valued at approximately $100,000. Invictus RG purchased a new stake in shares of Kilroy Realty Corporation in the first quarter valued at approximately $131,000. Quantbot Technologies LP purchased a new stake in shares of Kilroy Realty Corporation in the first quarter valued at approximately $150,000. KCG Holdings Inc. purchased a new stake in shares of Kilroy Realty Corporation in the first quarter valued at approximately $218,000. Finally, Meadow Creek Investment Management LLC increased its position in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 682 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $178.63 million. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, September 29th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, September 28th. Kilroy Realty Corporation’s payout ratio is currently 122.30%.
A number of analysts have recently commented on the company. BidaskClub upgraded Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) began coverage on Kilroy Realty Corporation in a research note on Tuesday. They issued a “neutral” rating and a $70.00 price target on the stock. Zacks Investment Research raised Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Deutsche Bank AG lifted their price target on Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Kilroy Realty Corporation in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $78.00.
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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