Teachers Insurance & Annuity Association of America increased its position in shares of Kilroy Realty Corp (NYSE:KRC) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,012 shares of the real estate investment trust’s stock after purchasing an additional 9,544 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Kilroy Realty were worth $7,914,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Timber Hill LLC purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $215,000. MANA Advisors LLC purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $219,000. Vident Investment Advisory LLC purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $235,000. Kemper Corp Master Retirement Trust raised its position in shares of Kilroy Realty by 66.7% during the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 1,600 shares during the period. Finally, Lourd Capital LLC purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $290,000. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
KRC has been the topic of several analyst reports. Robert W. Baird set a $75.00 price target on shares of Kilroy Realty and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Tuesday, February 27th. They noted that the move was a valuation call. BMO Capital Markets reissued a “buy” rating and issued a $79.00 target price on shares of Kilroy Realty in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $76.30.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $177.56 million during the quarter, compared to the consensus estimate of $176.64 million. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. equities research analysts expect that Kilroy Realty Corp will post 3.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.43%. Kilroy Realty’s dividend payout ratio (DPR) is 112.58%.
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Kilroy Realty 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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