The Bank of Montreal Can Invests $7,936,000 in Kilroy Realty Corp. (KRC)

The Bank of Montreal Can Invests $7,936,000 in Kilroy Realty Corp. (KRC)

Bank of Montreal Can purchased a new stake in Kilroy Realty Corp. (NYSE:KRC) during the second quarter, Holdings Channel reports. The firm purchased 119,713 shares of the real estate investment trust’s stock, valued at approximately $7,936,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KRC. Kempen Capital Management N.V. raised its position in Kilroy Realty Corp. by 18.4% in the first quarter. Kempen Capital Management N.V. now owns 15,906 shares of the real estate investment trust’s stock valued at $984,000 after buying an additional 2,471 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Kilroy Realty Corp. during the first quarter valued at about $625,000. Investec Asset Management LTD raised its position in Kilroy Realty Corp. by 12.3% in the first quarter. Investec Asset Management LTD now owns 15,500 shares of the real estate investment trust’s stock valued at $959,000 after buying an additional 1,700 shares during the period. M&T Bank Corp raised its position in Kilroy Realty Corp. by 8.8% in the first quarter. M&T Bank Corp now owns 30,674 shares of the real estate investment trust’s stock valued at $1,899,000 after buying an additional 2,469 shares during the period. Finally, Menta Capital LLC raised its position in Kilroy Realty Corp. by 776.5% in the first quarter. Menta Capital LLC now owns 28,925 shares of the real estate investment trust’s stock valued at $1,790,000 after buying an additional 25,625 shares during the period.

Shares of Kilroy Realty Corp. (NYSE:KRC) traded down 0.04% during trading on Friday, reaching $67.00. 327,509 shares of the company’s stock were exchanged. The stock has a market cap of $6.18 billion, a PE ratio of 19.13 and a beta of 0.96. Kilroy Realty Corp. has a 52-week low of $46.76 and a 52-week high of $74.17. The stock’s 50 day moving average price is $69.71 and its 200-day moving average price is $66.51.

Kilroy Realty Corp. (NYSE:KRC) last posted its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The firm earned $160.10 million during the quarter, compared to the consensus estimate of $140.64 million. Kilroy Realty Corp. had a net margin of 57.28% and a return on equity of 10.85%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities research analysts forecast that Kilroy Realty Corp. will post $3.40 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, September 28th. Kilroy Realty Corp.’s dividend payout ratio is currently 42.74%.

Several research firms recently issued reports on KRC. Zacks Investment Research raised shares of Kilroy Realty Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Stifel Nicolaus raised their price objective on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 1st. Citigroup Inc. raised their price objective on shares of Kilroy Realty Corp. from $71.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. DA Davidson raised their price objective on shares of Kilroy Realty Corp. from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $78.00 price objective on shares of Kilroy Realty Corp. in a report on Friday, August 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $75.64.

About Kilroy Realty Corp.

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate 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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