Public Employees Retirement Association of Colorado lessened its stake in Kilroy Realty Corporation (NYSE:KRC) by 13.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,413 shares of the real estate investment trust’s stock after selling 3,072 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Kilroy Realty Corporation were worth $1,452,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KRC. Advisor Group Inc. increased its holdings in Kilroy Realty Corporation by 27.8% in the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 426 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in Kilroy Realty Corporation by 54.5% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 750 shares during the last quarter. KCG Holdings Inc. bought a new stake in Kilroy Realty Corporation in the first quarter valued at about $218,000. Quantbot Technologies LP increased its holdings in Kilroy Realty Corporation by 53.8% in the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 1,121 shares during the last quarter. Finally, TLP Group LLC bought a new stake in shares of Kilroy Realty Corporation in the second quarter worth about $254,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
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KRC has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Kilroy Realty Corporation in a report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price target for the company. Zacks Investment Research downgraded Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target on shares of Kilroy Realty Corporation in a report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. Finally, Bank of America Corporation downgraded Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $77.00 in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Kilroy Realty Corporation currently has an average rating of “Hold” and a consensus target price of $77.50.
Kilroy Realty Corporation (NYSE KRC) opened at $74.85 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,301.93, a PE ratio of 21.64, a P/E/G ratio of 2.93 and a beta of 0.77. Kilroy Realty Corporation has a fifty-two week low of $67.00 and a fifty-two week high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). The firm had revenue of $181.50 million for the quarter, compared to the consensus estimate of $179.03 million. Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. analysts anticipate that Kilroy Realty Corporation will post 3.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.27%. Kilroy Realty Corporation’s payout ratio is presently 111.84%.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. 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.
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