Eii Capital Management Inc. lifted its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,974 shares of the real estate investment trust’s stock after purchasing an additional 3,263 shares during the period. Kilroy Realty comprises about 1.4% of Eii Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Eii Capital Management Inc.’s holdings in Kilroy Realty were worth $2,581,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Kilroy Realty by 78.2% during the first quarter. Nordea Investment Management AB now owns 340,502 shares of the real estate investment trust’s stock worth $25,865,000 after purchasing an additional 149,451 shares during the last quarter. Westpac Banking Corp lifted its holdings in Kilroy Realty by 4.2% in the first quarter. Westpac Banking Corp now owns 108,113 shares of the real estate investment trust’s stock worth $8,212,000 after acquiring an additional 4,370 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Kilroy Realty by 29.9% in the first quarter. Lazard Asset Management LLC now owns 154,011 shares of the real estate investment trust’s stock worth $11,698,000 after acquiring an additional 35,420 shares during the last quarter. Northern Trust Corp lifted its holdings in Kilroy Realty by 4.0% in the first quarter. Northern Trust Corp now owns 1,377,665 shares of the real estate investment trust’s stock worth $104,646,000 after acquiring an additional 53,561 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Kilroy Realty by 89.0% in the first quarter. Citigroup Inc. now owns 102,316 shares of the real estate investment trust’s stock worth $7,772,000 after acquiring an additional 48,188 shares during the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.
Separately, Deutsche Bank cut their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $80.60.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.56). The business had revenue of $201.20 million for the quarter, compared to the consensus estimate of $190.73 million. Kilroy Realty had a net margin of 33.84% and a return on equity of 6.27%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast that Kilroy Realty Corp will post 3.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Thursday, June 27th. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s payout ratio is 55.75%.
In other news, CAO Merryl Elizabeth Werber sold 1,500 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total transaction of $117,000.00. Following the sale, the chief accounting officer now owns 8,120 shares of the company’s stock, valued at $633,360. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jolie A. Hunt sold 4,434 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $75.02, for a total value of $332,638.68. Following the sale, the director now directly owns 4,099 shares in the company, valued at approximately $307,506.98. The disclosure for this sale can be found here. Insiders own 2.26% of the company’s stock.
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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