Kilroy Realty Corporation $KRC Stock Bought by Ethic Inc.

Ethic Inc. boosted its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 123.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 31,601 shares of the real estate investment trust’s stock after purchasing an additional 17,462 shares during the period. Ethic Inc.’s holdings in Kilroy Realty were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Kilroy Realty in the 2nd quarter worth approximately $581,003,000. Rush Island Management LP increased its holdings in shares of Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock worth $137,122,000 after purchasing an additional 2,226,821 shares during the period. Route One Investment Company L.P. bought a new position in shares of Kilroy Realty in the second quarter worth $159,181,000. Dimensional Fund Advisors LP raised its position in shares of Kilroy Realty by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,717,068 shares of the real estate investment trust’s stock worth $48,440,000 after buying an additional 56,817 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Kilroy Realty by 118.1% in the first quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock worth $45,745,000 after buying an additional 877,907 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 0.8%

NYSE KRC opened at $36.12 on Friday. The stock’s 50-day simple moving average is $35.07 and its two-hundred day simple moving average is $34.53. Kilroy Realty Corporation has a twelve month low of $27.36 and a twelve month high of $43.58. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 9.73 and a beta of 1.17.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $271.60 million during the quarter, compared to analysts’ expectations of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. Research analysts forecast that Kilroy Realty Corporation will post 3.58 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Thursday, December 31st will be given a $0.54 dividend. The ex-dividend date is Thursday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.0%. Kilroy Realty’s payout ratio is presently 900.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KRC. Wall Street Zen raised Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Evercore set a $44.00 price target on Kilroy Realty in a report on Monday, September 21st. The Goldman Sachs Group reiterated a “sell” rating and set a $32.00 price target on shares of Kilroy Realty in a research report on Wednesday, October 28th. Finally, Citigroup boosted their price objective on Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.54.

Kilroy Realty Profile

Kilroy Realty Corporation is a real estate investment trust that owns, develops and operates office and life science properties. Its portfolio includes workplaces and research facilities designed to serve businesses in technology, media, entertainment and the life sciences. The company focuses on major coastal markets, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle, as well as Austin, Texas. Its properties include office buildings, laboratory space and mixed-use developments.