Kilroy Realty Corp (NYSE:KRC) was the target of unusually large options trading activity on Monday. Stock investors bought 740 call options on the company. This is an increase of 1,270% compared to the typical daily volume of 54 call options.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRC. Stifel Financial Corp bought a new position in shares of Kilroy Realty during the first quarter valued at approximately $221,000. Qube Research & Technologies Ltd acquired a new stake in Kilroy Realty in the second quarter valued at approximately $280,000. NN Investment Partners Holdings N.V. acquired a new stake in Kilroy Realty in the third quarter valued at approximately $281,000. Clinton Group Inc. acquired a new stake in Kilroy Realty in the second quarter valued at approximately $289,000. Finally, First Hawaiian Bank acquired a new stake in Kilroy Realty in the third quarter valued at approximately $307,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Saturday. Scotiabank assumed coverage on shares of Kilroy Realty in a research report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $78.00 target price on shares of Kilroy Realty in a research report on Wednesday, August 1st. Deutsche Bank raised their target price on shares of Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.14.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The firm had revenue of $186.56 million for the quarter, compared to the consensus estimate of $183.32 million. On average, equities analysts predict that Kilroy Realty will post 3.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were paid a dividend of $0.455 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.63%. Kilroy Realty’s dividend payout ratio is presently 53.53%.
About Kilroy Realty
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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