Tower Research Capital LLC TRC grew its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 45.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,861 shares of the real estate investment trust’s stock after acquiring an additional 4,006 shares during the period. Tower Research Capital LLC TRC’s holdings in Kilroy Realty were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of KRC. CAPROCK Group Inc. bought a new stake in shares of Kilroy Realty during the 2nd quarter valued at $205,000. Piedmont Investment Advisors Inc. bought a new position in Kilroy Realty in the 1st quarter worth $207,000. Bailard Inc. bought a new position in Kilroy Realty in the 2nd quarter worth $214,000. BB&T Securities LLC boosted its holdings in Kilroy Realty by 11.8% in the 2nd quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 316 shares during the period. Finally, Cigna Investments Inc. New bought a new position in Kilroy Realty in the 1st quarter worth $221,000.
Several research analysts recently weighed in on KRC shares. Zacks Investment Research downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. ValuEngine downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets set a $81.00 price objective on shares of Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird set a $91.00 price objective on shares of Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Kilroy Realty has a consensus rating of “Buy” and a consensus price target of $82.57.
In related news, CAO Merryl Elizabeth Werber sold 1,500 shares of the stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $78.00, for a total value of $117,000.00. Following the sale, the chief accounting officer now directly owns 8,120 shares of the company’s stock, valued at approximately $633,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.26% of the company’s stock.
Kilroy Realty stock traded up $0.79 during midday trading on Monday, reaching $76.79. The stock had a trading volume of 235,415 shares, compared to its average volume of 399,052. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. Kilroy Realty Corp has a 52-week low of $59.05 and a 52-week high of $80.66. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.78. The company has a fifty day moving average of $77.94 and a 200 day moving average of $76.38.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, September 27th. Kilroy Realty’s dividend payout ratio (DPR) is currently 55.75%.
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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