Allianz Asset Management GmbH decreased its stake in Kilroy Realty Corp (NYSE:KRC) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 375,554 shares of the real estate investment trust’s stock after selling 60,504 shares during the quarter. Allianz Asset Management GmbH owned 0.38% of Kilroy Realty worth $26,709,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in KRC. Advisor Group Inc. raised its position in shares of Kilroy Realty by 27.8% during the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 426 shares during the period. Perigon Wealth Management LLC raised its position in shares of Kilroy Realty by 54.5% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 750 shares during the period. Timber Hill LLC acquired a new stake in shares of Kilroy Realty during the third quarter worth about $215,000. Quantbot Technologies LP raised its position in shares of Kilroy Realty by 53.8% during the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,121 shares during the period. Finally, TLP Group LLC bought a new position in shares of Kilroy Realty during the second quarter worth about $254,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
KRC has been the subject of a number of research reports. Evercore ISI upgraded Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Monday, August 14th. BidaskClub upgraded Kilroy Realty from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Bank of America downgraded Kilroy Realty from a “buy” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $77.00 in a research note on Wednesday, August 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Kilroy Realty in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $77.43.
Shares of Kilroy Realty Corp (KRC) traded up $0.16 during midday trading on Monday, reaching $75.27. The company’s stock had a trading volume of 466,500 shares, compared to its average volume of 560,265. The firm has a market cap of $7,405.23, a PE ratio of 21.94, a PEG ratio of 2.98 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. Kilroy Realty Corp has a 52-week low of $67.00 and a 52-week high of $78.33.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). Kilroy Realty had a net margin of 23.77% and a return on equity of 4.44%. The company had revenue of $181.50 million during the quarter, compared to analyst estimates of $179.03 million. During the same period in the prior year, the firm earned $0.92 earnings per share. Kilroy Realty’s revenue was up 7.8% on a year-over-year basis. equities research analysts expect that Kilroy Realty Corp will post 3.52 earnings per share for the current fiscal year.
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Kilroy Realty 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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