Brookfield Asset Management Inc. raised its position in Kilroy Realty Corporation (NYSE:KRC) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,643,912 shares of the real estate investment trust’s stock after purchasing an additional 233,438 shares during the quarter. Kilroy Realty Corporation comprises approximately 1.0% of Brookfield Asset Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Brookfield Asset Management Inc. owned 2.69% of Kilroy Realty Corporation worth $198,690,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in KRC. Prudential Financial Inc. increased its stake in shares of Kilroy Realty Corporation by 12.3% in the first quarter. Prudential Financial Inc. now owns 61,148 shares of the real estate investment trust’s stock valued at $4,408,000 after purchasing an additional 6,700 shares during the period. Alliancebernstein L.P. increased its stake in shares of Kilroy Realty Corporation by 0.8% in the first quarter. Alliancebernstein L.P. now owns 127,058 shares of the real estate investment trust’s stock valued at $9,158,000 after purchasing an additional 999 shares during the period. Teachers Advisors LLC increased its stake in shares of Kilroy Realty Corporation by 20.6% in the first quarter. Teachers Advisors LLC now owns 821,479 shares of the real estate investment trust’s stock valued at $59,212,000 after purchasing an additional 140,263 shares during the period. California Public Employees Retirement System increased its stake in shares of Kilroy Realty Corporation by 4.3% in the first quarter. California Public Employees Retirement System now owns 187,079 shares of the real estate investment trust’s stock valued at $13,485,000 after purchasing an additional 7,700 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Kilroy Realty Corporation by 22.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,631 shares of the real estate investment trust’s stock valued at $332,000 after purchasing an additional 839 shares during the period. Institutional investors own 99.78% of the company’s stock.
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Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub upgraded shares of Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) began coverage on shares of Kilroy Realty Corporation in a report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Finally, KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. One research 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. Kilroy Realty Corporation currently has a consensus rating of “Hold” and a consensus target price of $77.50.
Kilroy Realty Corporation (KRC) traded up 0.58% during trading on Friday, reaching $70.58. 766,474 shares of the company were exchanged. The firm has a 50-day moving average of $70.80 and a 200-day moving average of $71.97. Kilroy Realty Corporation has a 52-week low of $66.98 and a 52-week high of $78.33. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 51.29 and a beta of 0.77.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.19). The company had revenue of $181.50 million for the quarter, compared to analyst estimates of $179.03 million. Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, equities analysts forecast that Kilroy Realty Corporation will post $1.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is 111.84%.
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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