Wolverine Asset Management LLC lowered its position in shares of Kilroy Realty Corp (NYSE:KRC) by 72.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,654 shares of the real estate investment trust’s stock after selling 9,697 shares during the quarter. Wolverine Asset Management LLC’s holdings in Kilroy Realty were worth $272,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its position in Kilroy Realty by 84.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,788,594 shares of the real estate investment trust’s stock valued at $357,469,000 after buying an additional 2,190,960 shares during the period. Bank of New York Mellon Corp lifted its position in Kilroy Realty by 148.1% during the third quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after buying an additional 2,235,377 shares during the period. Dimensional Fund Advisors LP lifted its position in Kilroy Realty by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,378,651 shares of the real estate investment trust’s stock valued at $98,047,000 after buying an additional 33,915 shares during the period. Geode Capital Management LLC lifted its position in Kilroy Realty by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 987,041 shares of the real estate investment trust’s stock valued at $73,682,000 after buying an additional 17,321 shares during the period. Finally, Boston Partners lifted its position in Kilroy Realty by 3.8% during the fourth quarter. Boston Partners now owns 985,813 shares of the real estate investment trust’s stock valued at $73,591,000 after buying an additional 36,431 shares during the period. 97.80% of the stock is owned by institutional investors and hedge funds.
Shares of Kilroy Realty Corp (NYSE:KRC) traded up $0.13 during trading hours on Friday, hitting $71.09. The stock had a trading volume of 184,463 shares, compared to its average volume of 563,992. Kilroy Realty Corp has a 1 year low of $62.91 and a 1 year high of $77.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $6,963.79, a P/E ratio of 46.99, a PEG ratio of 2.79 and a beta of 0.71.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The firm had revenue of $177.56 million during the quarter, compared to the consensus estimate of $176.64 million. During the same period last year, the company earned $0.87 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. analysts expect that Kilroy Realty Corp will post 3.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.39%. Kilroy Realty’s payout ratio is presently 112.58%.
KRC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research report on Friday, December 15th. Robert W. Baird lowered Kilroy Realty from an “outperform” rating to a “neutral” rating in a research report on Monday, January 8th. BMO Capital Markets reissued a “buy” rating and set a $79.00 price objective on shares of Kilroy Realty in a research report on Tuesday, January 9th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $75.00 price objective on shares of Kilroy Realty in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.30.
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About Kilroy Realty
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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