BNP Paribas Arbitrage SA lowered its position in shares of Kilroy Realty Corp (NYSE:KRC) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,125 shares of the real estate investment trust’s stock after selling 4,372 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.06% of Kilroy Realty Corp worth $4,045,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Kilroy Realty Corp by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 1,487,870 shares of the real estate investment trust’s stock worth $107,247,000 after buying an additional 100,408 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Kilroy Realty Corp by 20.5% in the first quarter. Elkfork Partners LLC now owns 6,188 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 1,054 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Kilroy Realty Corp by 7.1% in the first quarter. New Mexico Educational Retirement Board now owns 13,606 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 900 shares in the last quarter. US Bancorp DE boosted its stake in shares of Kilroy Realty Corp by 2.4% in the first quarter. US Bancorp DE now owns 10,482 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 248 shares in the last quarter. Finally, AEW Capital Management L P purchased a new stake in shares of Kilroy Realty Corp during the first quarter valued at $8,311,000. 99.92% of the stock is owned by institutional investors and hedge funds.
Kilroy Realty Corp (NYSE KRC) opened at 74.49 on Tuesday. The company has a market cap of $7.25 billion, a P/E ratio of 53.59 and a beta of 0.77. Kilroy Realty Corp has a 12 month low of $61.49 and a 12 month high of $78.33. The stock has a 50 day moving average of $72.46 and a 200-day moving average of $73.52.
Kilroy Realty Corp (NYSE:KRC) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.59. Kilroy Realty Corp had a return on equity of 8.72% and a net margin of 45.72%. The business had revenue of $179.30 million during the quarter, compared to analysts’ expectations of $172.26 million. During the same period last year, the firm posted $0.82 EPS. Kilroy Realty Corp’s quarterly revenue was up 23.3% compared to the same quarter last year. Equities research analysts expect that Kilroy Realty Corp will post $1.39 EPS for the current year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th will be given a $0.425 dividend. This is a positive change from Kilroy Realty Corp’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.28%. Kilroy Realty Corp’s payout ratio is 50.34%.
Several analysts have recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $82.00 price target on shares of Kilroy Realty Corp in a research note on Thursday, March 2nd. Evercore ISI lowered shares of Kilroy Realty Corp from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Zacks Investment Research lowered shares of Kilroy Realty Corp from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Finally, Deutsche Bank AG increased their price objective on shares of Kilroy Realty Corp from $75.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $78.83. About Kilroy Realty Corp