SummitTX Capital L.P. Has $7.07 Million Stock Holdings in Kilroy Realty Corporation $KRC

SummitTX Capital L.P. grew its stake in Kilroy Realty Corporation (NYSE:KRC) by 291.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 250,456 shares of the real estate investment trust’s stock after purchasing an additional 186,457 shares during the quarter. SummitTX Capital L.P.’s holdings in Kilroy Realty were worth $7,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Kilroy Realty during the fourth quarter worth about $340,131,000. State Street Corp grew its stake in Kilroy Realty by 1.2% in the second quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock valued at $203,514,000 after purchasing an additional 67,546 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Kilroy Realty by 23.5% during the 4th quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after purchasing an additional 994,299 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Kilroy Realty by 0.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,578,185 shares of the real estate investment trust’s stock worth $151,178,000 after purchasing an additional 15,193 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Kilroy Realty by 3.8% during the 3rd quarter. Northern Trust Corp now owns 3,149,816 shares of the real estate investment trust’s stock worth $133,080,000 after purchasing an additional 115,047 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Up 0.0%

Shares of KRC opened at $39.43 on Monday. The firm has a market cap of $4.59 billion, a P/E ratio of 21.67 and a beta of 1.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.09 and a current ratio of 2.09. Kilroy Realty Corporation has a 52 week low of $27.36 and a 52 week high of $45.03. The firm’s 50-day simple moving average is $37.32 and its 200 day simple moving average is $34.09.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.The company had revenue of $270.05 million for the quarter, compared to analyst estimates of $263.08 million. During the same quarter last year, the business earned $1.02 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that Kilroy Realty Corporation will post 3.58 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.5%. Kilroy Realty’s dividend payout ratio (DPR) is 118.68%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, Director Jolie A. Hunt sold 15,800 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director directly owned 13,892 shares of the company’s stock, valued at $524,978.68. This represents a 53.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Justin William Smart sold 10,848 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total value of $419,926.08. Following the transaction, the president owned 519,872 shares in the company, valued at $20,124,245.12. The trade was a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 29,648 shares of company stock worth $1,120,958. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KRC shares. Scotiabank increased their price objective on Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their target price on shares of Kilroy Realty from $34.00 to $38.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Barclays increased their price target on shares of Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Bank of America raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $44.00 in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.87.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.