Victory Capital Management Inc. Trims Holdings in Kilroy Realty Corporation (KRC)

Victory Capital Management Inc. cut its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 764,252 shares of the real estate investment trust’s stock after selling 14,680 shares during the quarter. Victory Capital Management Inc. owned 0.78% of Kilroy Realty Corporation worth $54,354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KRC. Standard Life Investments LTD acquired a new stake in Kilroy Realty Corporation during the second quarter worth about $42,070,000. PGGM Investments lifted its stake in Kilroy Realty Corporation by 22.9% during the third quarter. PGGM Investments now owns 2,715,681 shares of the real estate investment trust’s stock worth $193,139,000 after purchasing an additional 506,681 shares during the period. Vanguard Group Inc. lifted its stake in Kilroy Realty Corporation by 2.7% during the second quarter. Vanguard Group Inc. now owns 15,346,920 shares of the real estate investment trust’s stock worth $1,153,321,000 after purchasing an additional 406,523 shares during the period. Goldman Sachs Group Inc. lifted its stake in Kilroy Realty Corporation by 41.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,301,194 shares of the real estate investment trust’s stock worth $97,785,000 after purchasing an additional 384,304 shares during the period. Finally, Resolution Capital Ltd lifted its stake in Kilroy Realty Corporation by 18.1% during the second quarter. Resolution Capital Ltd now owns 2,141,013 shares of the real estate investment trust’s stock worth $160,897,000 after purchasing an additional 327,490 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kilroy Realty Corporation (KRC) opened at $73.97 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. Kilroy Realty Corporation has a 52-week low of $67.00 and a 52-week high of $78.33. The company has a market cap of $7,327.51, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.94 and a beta of 0.77.

Kilroy Realty Corporation (NYSE:KRC) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $179.03 million. Kilroy Realty Corporation had a net margin of 23.77% and a return on equity of 4.44%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. sell-side analysts anticipate that Kilroy Realty Corporation will post 3.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were issued a $0.425 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.30%. Kilroy Realty Corporation’s payout ratio is 111.84%.

ILLEGAL ACTIVITY WARNING: “Victory Capital Management Inc. Trims Holdings in Kilroy Realty Corporation (KRC)” was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://weekherald.com/2017/11/15/kilroy-realty-corporation-krc-holdings-reduced-by-victory-capital-management-inc.html.

A number of research analysts have recently issued reports on KRC shares. Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, September 21st. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation cut shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $80.00 to $77.00 in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Kilroy Realty Corporation has a consensus rating of “Hold” and an average price target of $77.50.

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.

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

Receive News & Ratings for Kilroy Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply