Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Kilroy Realty Corporation $KRC

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,828 shares of the real estate investment trust’s stock after buying an additional 3,755 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Kilroy Realty worth $2,636,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KRC. American National Bank & Trust purchased a new position in Kilroy Realty during the 2nd quarter valued at about $25,000. Quaker Wealth Management LLC grew its position in shares of Kilroy Realty by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,510 shares during the last quarter. Allworth Financial LP grew its position in shares of Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 634 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $34,000. Finally, UMB Bank n.a. raised its position in shares of Kilroy Realty by 46.0% during the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 534 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of analyst reports. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $40.00 to $47.00 in a report on Wednesday, September 17th. Evercore ISI increased their price objective on Kilroy Realty from $42.00 to $46.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. The Goldman Sachs Group reiterated a “sell” rating and set a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Barclays restated an “equal weight” rating and issued a $43.00 target price on shares of Kilroy Realty in a report on Thursday, September 4th. Finally, Zacks Research upgraded shares of Kilroy Realty to a “hold” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $41.17.

Kilroy Realty Stock Performance

NYSE KRC opened at $41.63 on Friday. The business’s 50-day moving average price is $42.15 and its 200 day moving average price is $37.90. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $45.03. The company has a market capitalization of $4.92 billion, a PE ratio of 15.36 and a beta of 1.22.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The company had revenue of $279.74 million during the quarter, compared to the consensus estimate of $271.24 million. During the same quarter in the prior year, the company posted $1.17 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. On average, research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.2%. Kilroy Realty’s dividend payout ratio (DPR) is currently 79.70%.

Kilroy Realty Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.