Greenland Capital Management LP Invests $3.54 Million in Kilroy Realty Corporation $KRC

Greenland Capital Management LP bought a new stake in shares of Kilroy Realty Corporation (NYSE:KRC) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 103,152 shares of the real estate investment trust’s stock, valued at approximately $3,539,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in shares of Kilroy Realty in the second quarter valued at $320,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Kilroy Realty by 0.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust’s stock valued at $6,225,000 after purchasing an additional 1,618 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Kilroy Realty during the 2nd quarter worth approximately $269,000. Amundi increased its holdings in Kilroy Realty by 6.1% during the 1st quarter. Amundi now owns 67,569 shares of the real estate investment trust’s stock worth $2,065,000 after purchasing an additional 3,897 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Kilroy Realty by 78.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,644 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 5,995 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of KRC opened at $41.42 on Wednesday. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $45.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35. The stock has a fifty day moving average price of $42.05 and a 200 day moving average price of $38.17. The company has a market cap of $4.90 billion, a P/E ratio of 15.28 and a beta of 1.22.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter 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 forecast that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st will be paid a $0.54 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.2%. Kilroy Realty’s dividend payout ratio (DPR) is presently 79.70%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank upgraded shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. Evercore ISI decreased their price target on Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Friday, November 14th. Weiss Ratings raised Kilroy Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research upgraded Kilroy Realty to a “hold” rating in a report on Friday, August 8th. Finally, Barclays restated an “equal weight” rating and set a $43.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.92.

About Kilroy Realty

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.