Kilroy Realty Co. (NYSE:KRC – Get Rating) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 6,070,000 shares, a drop of 6.5% from the May 15th total of 6,490,000 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 4.2 days. Approximately 5.3% of the shares of the stock are short sold.
Kilroy Realty Stock Down 0.5 %
Shares of NYSE KRC opened at $30.77 on Monday. Kilroy Realty has a 52-week low of $25.99 and a 52-week high of $55.85. The firm has a fifty day moving average of $28.74 and a 200-day moving average of $34.13. The stock has a market capitalization of $3.60 billion, a PE ratio of 15.31, a P/E/G ratio of 2.17 and a beta of 0.86. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.78.
Kilroy Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.16 annualized dividend and a dividend yield of 7.02%. Kilroy Realty’s dividend payout ratio is presently 107.46%.
Hedge Funds Weigh In On Kilroy Realty
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in shares of Kilroy Realty by 344.6% during the 1st quarter. Advisory Services Network LLC now owns 3,223 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 2,498 shares in the last quarter. State Street Corp lifted its holdings in shares of Kilroy Realty by 0.5% during the 1st quarter. State Street Corp now owns 6,265,901 shares of the real estate investment trust’s stock valued at $206,333,000 after acquiring an additional 32,293 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Kilroy Realty during the 1st quarter valued at $421,000. First Trust Advisors LP lifted its holdings in shares of Kilroy Realty by 145.5% during the 1st quarter. First Trust Advisors LP now owns 232,588 shares of the real estate investment trust’s stock valued at $7,536,000 after acquiring an additional 137,853 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kilroy Realty by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 1,778,017 shares of the real estate investment trust’s stock valued at $57,608,000 after acquiring an additional 62,998 shares in the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kilroy Realty from $46.00 to $41.00 in a research note on Wednesday, March 1st. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $46.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th. JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $47.00 to $38.00 in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Kilroy Realty in a research note on Tuesday, March 21st. They issued a “buy” rating and a $41.00 target price for the company. Finally, Royal Bank of Canada lowered their target price on shares of Kilroy Realty from $45.00 to $40.00 in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.50.
Kilroy Realty Company Profile
Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. 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.