Wolverine Asset Management LLC Reduces Holdings in Kilroy Realty Corp (KRC)

Wolverine Asset Management LLC decreased its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 72.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,654 shares of the real estate investment trust’s stock after selling 9,697 shares during the period. Wolverine Asset Management LLC’s holdings in Kilroy Realty were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Kilroy Realty by 7.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,327 shares of the real estate investment trust’s stock valued at $806,000 after purchasing an additional 797 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Kilroy Realty by 1.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,806 shares of the real estate investment trust’s stock valued at $3,399,000 after purchasing an additional 856 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Kilroy Realty by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 151,531 shares of the real estate investment trust’s stock valued at $10,777,000 after purchasing an additional 919 shares in the last quarter. Amalgamated Bank lifted its holdings in Kilroy Realty by 5.9% in the 4th quarter. Amalgamated Bank now owns 19,512 shares of the real estate investment trust’s stock valued at $1,457,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kilroy Realty by 4.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,365 shares of the real estate investment trust’s stock valued at $2,565,000 after purchasing an additional 1,423 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

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Shares of KRC traded down $0.79 during midday trading on Friday, reaching $69.49. The company had a trading volume of 278,878 shares, compared to its average volume of 509,324. Kilroy Realty Corp has a 1-year low of $62.91 and a 1-year high of $77.70. The company has a market capitalization of $6,938.13, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. The business had revenue of $177.56 million during the quarter, compared to the consensus estimate of $176.64 million. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. equities analysts anticipate that Kilroy Realty Corp will post 3.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is 50.00%.

A number of research analysts have weighed in on KRC shares. JPMorgan Chase lowered Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a report on Friday, December 15th. Robert W. Baird lowered Kilroy Realty from an “outperform” rating to a “neutral” rating in a report on Monday, January 8th. BMO Capital Markets restated a “buy” rating and issued a $79.00 price objective on shares of Kilroy Realty in a report on Tuesday, January 9th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $75.00 target price on shares of Kilroy Realty in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Kilroy Realty has an average 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.

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

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