Perpetual Ltd boosted its position in Kilroy Realty Corp (NYSE:KRC) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,980 shares of the real estate investment trust’s stock after purchasing an additional 6,900 shares during the period. Perpetual Ltd owned approximately 0.09% of Kilroy Realty worth $6,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Stifel Financial Corp bought a new stake in shares of Kilroy Realty during the first quarter valued at approximately $221,000. Qube Research & Technologies Ltd bought a new stake in shares of Kilroy Realty during the second quarter valued at approximately $280,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Kilroy Realty during the third quarter valued at approximately $281,000. Clinton Group Inc. bought a new stake in shares of Kilroy Realty during the second quarter valued at approximately $289,000. Finally, First Hawaiian Bank bought a new stake in shares of Kilroy Realty during the third quarter valued at approximately $307,000. 96.88% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on KRC. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday. Scotiabank began coverage on shares of Kilroy Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Robert W. Baird reaffirmed a “hold” rating and set a $78.00 price target on shares of Kilroy Realty in a research note on Wednesday, August 1st. Deutsche Bank lifted their price target 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. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.14.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $186.56 million during the quarter, compared to the consensus estimate of $183.32 million. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. On average, sell-side analysts predict that Kilroy Realty Corp will post 3.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, September 27th. Kilroy Realty’s dividend payout ratio (DPR) is 53.53%.
About Kilroy Realty
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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