State of Tennessee Treasury Department lessened its stake in Kilroy Realty Corporation (NYSE:KRC) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,900 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. State of Tennessee Treasury Department owned 0.12% of Kilroy Realty Corporation worth $8,101,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in Kilroy Realty Corporation by 27.8% in the 2nd quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 426 shares during the period. Perigon Wealth Management LLC increased its stake in Kilroy Realty Corporation by 54.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 750 shares during the period. KCG Holdings Inc. purchased a new position in Kilroy Realty Corporation in the 1st quarter worth about $218,000. Quantbot Technologies LP increased its stake in Kilroy Realty Corporation by 53.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 1,121 shares during the period. Finally, TLP Group LLC purchased a new position in Kilroy Realty Corporation in the 2nd quarter worth about $254,000. 99.81% of the stock is currently owned by institutional investors.
Several research analysts recently commented on KRC shares. Evercore ISI raised shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Monday, August 14th. BidaskClub downgraded shares of Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of Kilroy Realty Corporation in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Kilroy Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $77.50.
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Kilroy Realty Corporation (NYSE KRC) opened at $74.85 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Kilroy Realty Corporation has a 1-year low of $67.00 and a 1-year high of $78.33. The stock has a market cap of $7,363.89, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.96 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 Thomson Reuters’ consensus estimate of $0.86 by ($0.19). Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The business had revenue of $181.50 million for the quarter, compared to the consensus estimate of $179.03 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. equities analysts anticipate that Kilroy Realty Corporation will post 3.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio is currently 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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