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%.
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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.
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