Vanguard Group Inc. Cuts Position in Kilroy Realty Corp (NYSE:KRC)

Vanguard Group Inc. lessened its holdings in Kilroy Realty Corp (NYSE:KRC) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,734,626 shares of the real estate investment trust’s stock after selling 104,641 shares during the period. Vanguard Group Inc. owned approximately 14.59% of Kilroy Realty worth $1,087,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Kilroy Realty by 4.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,783 shares of the real estate investment trust’s stock worth $1,460,000 after buying an additional 902 shares during the last quarter. Strs Ohio lifted its stake in Kilroy Realty by 27.9% in the second quarter. Strs Ohio now owns 578,620 shares of the real estate investment trust’s stock valued at $42,707,000 after purchasing an additional 126,124 shares during the last quarter. Westpac Banking Corp lifted its stake in Kilroy Realty by 4.2% in the first quarter. Westpac Banking Corp now owns 108,113 shares of the real estate investment trust’s stock valued at $8,212,000 after purchasing an additional 4,370 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Kilroy Realty by 1.9% in the first quarter. New York State Common Retirement Fund now owns 190,700 shares of the real estate investment trust’s stock valued at $14,486,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Kilroy Realty in the second quarter valued at approximately $291,000.

Several equities analysts recently commented on the company. Zacks Investment Research downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. BMO Capital Markets set a $81.00 price objective on Kilroy Realty and gave the company a “buy” rating in a research note on Wednesday, July 24th. ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird set a $91.00 price objective on Kilroy Realty and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.57.

Shares of NYSE:KRC traded up $0.84 during trading on Monday, hitting $79.44. 16,051 shares of the company were exchanged, compared to its average volume of 451,940. The company has a market cap of $7.84 billion, a PE ratio of 22.81, a P/E/G ratio of 2.83 and a beta of 0.78. The stock has a 50 day moving average of $77.57 and a 200 day moving average of $76.47. Kilroy Realty Corp has a 52-week low of $59.05 and a 52-week high of $80.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.99.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.44%. Kilroy Realty’s dividend payout ratio is currently 55.75%.

Kilroy Realty Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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