New York State Common Retirement Fund increased its holdings in Kilroy Realty Corp (NYSE:KRC) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,600 shares of the real estate investment trust’s stock after acquiring an additional 4,000 shares during the period. New York State Common Retirement Fund owned about 0.22% of Kilroy Realty worth $15,262,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in shares of Kilroy Realty 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 acquiring an additional 426 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Kilroy Realty 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 acquiring an additional 750 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Kilroy Realty 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 acquiring an additional 1,121 shares in the last quarter. TLP Group LLC bought a new position in shares of Kilroy Realty in the second quarter valued at approximately $254,000. Finally, Flinton Capital Management LLC grew its holdings in shares of Kilroy Realty by 65.9% in the second quarter. Flinton Capital Management LLC now owns 4,832 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 1,920 shares in the last quarter. 97.86% of the stock is owned by institutional investors.
Kilroy Realty Corp (KRC) opened at $75.32 on Friday. Kilroy Realty Corp has a twelve month low of $67.00 and a twelve month high of $78.33. The firm has a market capitalization of $7,410.13, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. 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 business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, December 28th. Kilroy Realty’s payout ratio is currently 111.84%.
Several equities analysts have recently issued reports on the company. J P Morgan Chase & Co lowered Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Friday. Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price objective on shares of Kilroy Realty in a report on Thursday, September 21st. Goldman Sachs Group initiated coverage on Kilroy Realty in a report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, KeyCorp reissued a “hold” rating on shares of Kilroy Realty in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $77.63.
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Kilroy Realty 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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