Amalgamated Bank Grows Position in Kilroy Realty Corporation (KRC)
Amalgamated Bank increased its holdings in Kilroy Realty Corporation (NYSE:KRC) by 25.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,831 shares of the real estate investment trust’s stock after acquiring an additional 3,824 shares during the quarter. Amalgamated Bank’s holdings in Kilroy Realty Corporation were worth $1,415,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC purchased a new stake in Kilroy Realty Corporation in the first quarter worth about $100,000. Invictus RG purchased a new stake in Kilroy Realty Corporation in the first quarter worth about $131,000. Quantbot Technologies LP purchased a new stake in Kilroy Realty Corporation in the first quarter worth about $150,000. KCG Holdings Inc. purchased a new stake in Kilroy Realty Corporation in the first quarter worth about $218,000. Finally, Meadow Creek Investment Management LLC lifted its stake in Kilroy Realty Corporation by 20.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,004 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 682 shares during the period. 99.72% of the stock is owned by institutional investors.
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Kilroy Realty Corporation (NYSE KRC) opened at 70.12 on Friday. The firm has a market cap of $6.89 billion, a P/E ratio of 50.96 and a beta of 0.75. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The company has a 50-day moving average of $68.96 and a 200 day moving average of $72.13.
Kilroy Realty Corporation (NYSE:KRC) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $180.60 million for the quarter, compared to analyst estimates of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities research analysts expect that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, September 28th. Kilroy Realty Corporation’s payout ratio is currently 122.30%.
KRC has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target on shares of Kilroy Realty Corporation in a research report on Thursday. Evercore ISI raised shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Kilroy Realty Corporation in a research report on Tuesday. They set a “neutral” rating and a $70.00 price target for the company. Zacks Investment Research raised shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $77.67.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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