Ballentine Partners LLC Has $598,000 Stake in Kilroy Realty Corporation (NYSE:KRC)

Ballentine Partners LLC decreased its position in Kilroy Realty Corporation (NYSE:KRC) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,245 shares of the real estate investment trust’s stock after selling 1,071 shares during the quarter. Ballentine Partners LLC’s holdings in Kilroy Realty were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KRC. Allworth Financial LP raised its holdings in Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 634 shares in the last quarter. Summit Securities Group LLC bought a new stake in Kilroy Realty during the fourth quarter worth about $49,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty during the fourth quarter worth about $82,000. FIL Ltd raised its holdings in Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,184 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Kilroy Realty by 70.4% during the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KRC. JPMorgan Chase & Co. dropped their price objective on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Scotiabank dropped their price objective on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating on the stock in a research note on Monday. Mizuho dropped their price objective on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.00.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $37.21 on Tuesday. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The stock’s 50 day moving average is $33.72 and its 200-day moving average is $34.42. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 22.15 and a beta of 1.19.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The firm had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same period in the previous year, the company posted $1.11 EPS. Kilroy Realty’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Monday, June 30th. Kilroy Realty’s payout ratio is 128.57%.

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.