AQR Capital Management LLC Purchases 267,825 Shares of Kilroy Realty Co. (NYSE:KRC)

AQR Capital Management LLC lifted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 45.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 851,398 shares of the real estate investment trust’s stock after acquiring an additional 267,825 shares during the period. AQR Capital Management LLC owned approximately 0.73% of Kilroy Realty worth $26,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of KRC. Janus Henderson Group PLC boosted its stake in Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after buying an additional 1,590,558 shares in the last quarter. PGGM Investments boosted its holdings in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after acquiring an additional 487,556 shares in the last quarter. Sei Investments Co. grew its position in Kilroy Realty by 139.4% during the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after acquiring an additional 403,807 shares during the last quarter. Finally, BROOKFIELD Corp ON acquired a new position in shares of Kilroy Realty in the first quarter valued at approximately $13,179,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of several recent research reports. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank lowered their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Evercore ISI increased their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company cut their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.40.

Insider Buying and Selling

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Performance

Shares of KRC opened at $39.09 on Monday. The company has a market cap of $4.59 billion, a PE ratio of 22.47 and a beta of 1.04. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $34.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The company had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.53%. Kilroy Realty’s dividend payout ratio (DPR) is 124.14%.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.