UBS Group AG Reduces Position in Kilroy Realty Corp (KRC)

UBS Group AG cut its position in shares of Kilroy Realty Corp (NYSE:KRC) by 20.4% in the first quarter, Holdings Channel reports. The institutional investor owned 76,504 shares of the real estate investment trust’s stock after selling 19,564 shares during the period. UBS Group AG’s holdings in Kilroy Realty were worth $5,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KRC. Centersquare Investment Management LLC bought a new stake in shares of Kilroy Realty in the 1st quarter valued at approximately $199,323,000. Daiwa Securities Group Inc. lifted its stake in shares of Kilroy Realty by 6.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,089,102 shares of the real estate investment trust’s stock valued at $361,122,000 after purchasing an additional 300,508 shares during the last quarter. Land & Buildings Investment Management LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $18,356,000. Alliancebernstein L.P. lifted its stake in shares of Kilroy Realty by 177.9% in the 4th quarter. Alliancebernstein L.P. now owns 317,688 shares of the real estate investment trust’s stock valued at $23,715,000 after purchasing an additional 203,370 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Kilroy Realty by 1.0% in the 1st quarter. BlackRock Inc. now owns 11,648,496 shares of the real estate investment trust’s stock valued at $826,578,000 after purchasing an additional 110,585 shares during the last quarter. 97.80% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on KRC shares. TheStreet raised Kilroy Realty from a “c+” rating to a “b-” rating in a research note on Thursday, May 10th. Stifel Nicolaus raised their price objective on Kilroy Realty from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Kilroy Realty in a research note on Thursday, April 26th. Deutsche Bank raised their price objective on Kilroy Realty from $75.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $76.70.

In other news, CEO John B. Kilroy, Jr. sold 14,000 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $71.93, for a total value of $1,007,020.00. Following the sale, the chief executive officer now directly owns 787,149 shares in the company, valued at $56,619,627.57. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Heidi Rena Roth sold 5,607 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $74.50, for a total value of $417,721.50. Following the transaction, the chief accounting officer now owns 30,121 shares in the company, valued at $2,244,014.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,207 shares of company stock worth $4,495,914. Company insiders own 2.22% of the company’s stock.

Shares of Kilroy Realty opened at $75.89 on Friday, according to MarketBeat. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. Kilroy Realty Corp has a fifty-two week low of $62.91 and a fifty-two week high of $77.73. The company has a market capitalization of $7.54 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.81 and a beta of 0.70.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.54). Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. The business had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $178.02 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. equities research analysts anticipate that Kilroy Realty Corp will post 3.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Stockholders of record on Friday, June 29th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.40%. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, June 28th. Kilroy Realty’s dividend payout ratio is presently 53.53%.

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.

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

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