Kilroy Realty Corp (KRC) Stake Increased by Aperio Group LLC

Aperio Group LLC raised its position in Kilroy Realty Corp (NYSE:KRC) by 36.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 95,681 shares of the real estate investment trust’s stock after acquiring an additional 25,306 shares during the period. Aperio Group LLC’s holdings in Kilroy Realty were worth $6,859,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KRC. Resolution Capital Ltd lifted its stake in shares of Kilroy Realty by 17.0% in the 2nd quarter. Resolution Capital Ltd now owns 1,885,377 shares of the real estate investment trust’s stock worth $142,610,000 after acquiring an additional 274,000 shares during the period. PGGM Investments lifted its stake in shares of Kilroy Realty by 6.0% in the 3rd quarter. PGGM Investments now owns 3,097,019 shares of the real estate investment trust’s stock worth $222,025,000 after acquiring an additional 174,338 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Kilroy Realty by 258.4% in the 2nd quarter. Macquarie Group Ltd. now owns 233,000 shares of the real estate investment trust’s stock worth $17,625,000 after acquiring an additional 167,993 shares during the period. Millennium Management LLC acquired a new stake in shares of Kilroy Realty in the second quarter valued at about $11,726,000. Finally, Security Capital Research & Management Inc. lifted its stake in shares of Kilroy Realty by 40.1% in the second quarter. Security Capital Research & Management Inc. now owns 338,131 shares of the real estate investment trust’s stock valued at $25,576,000 after purchasing an additional 96,700 shares during the period. Institutional investors own 96.88% of the company’s stock.

Shares of NYSE KRC opened at $68.63 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Kilroy Realty Corp has a 52 week low of $62.91 and a 52 week high of $77.73. The stock has a market capitalization of $6.88 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.57 and a beta of 0.66.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The firm had revenue of $186.56 million during the quarter, compared to analysts’ expectations of $183.32 million. As a group, research analysts anticipate that Kilroy Realty Corp will post 3.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.82 annualized dividend and a yield of 2.65%. Kilroy Realty’s dividend payout ratio (DPR) is currently 53.53%.

KRC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday. Deutsche Bank raised their price objective on shares of Kilroy Realty from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird reiterated a “hold” rating and issued a $78.00 price objective on shares of Kilroy Realty in a research note on Wednesday, August 1st. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Finally, Scotiabank initiated coverage on shares of Kilroy Realty in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.14.

Kilroy Realty Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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