Crossmark Global Holdings Inc. lessened its stake in Kilroy Realty Corp (NYSE:KRC) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,084 shares of the real estate investment trust’s stock after selling 1,808 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kilroy Realty were worth $753,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Kilroy Realty in the 3rd quarter valued at approximately $12,425,000. Honeywell International Inc. increased its stake in Kilroy Realty by 27.7% in the 3rd quarter. Honeywell International Inc. now owns 34,339 shares of the real estate investment trust’s stock valued at $2,442,000 after buying an additional 7,459 shares during the period. Kemper Corp Master Retirement Trust increased its stake in Kilroy Realty by 66.7% in the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 1,600 shares during the period. APG Asset Management US Inc. increased its stake in Kilroy Realty by 13.2% in the 4th quarter. APG Asset Management US Inc. now owns 861,205 shares of the real estate investment trust’s stock valued at $64,289,000 after buying an additional 100,705 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Kilroy Realty by 1.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 103,609 shares of the real estate investment trust’s stock valued at $7,369,000 after buying an additional 1,646 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Several research analysts have weighed in on KRC shares. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Robert W. Baird lowered shares of Kilroy Realty from an “outperform” rating to a “neutral” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. lowered shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a research note on Friday, December 15th. BMO Capital Markets reiterated a “buy” rating and issued a $79.00 price objective on shares of Kilroy Realty in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price objective on shares of Kilroy Realty in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.22.
Kilroy Realty Corp (NYSE KRC) opened at $68.43 on Friday. Kilroy Realty Corp has a 12 month low of $62.91 and a 12 month high of $78.33. The company has a market cap of $6,683.43, a price-to-earnings ratio of 45.32, a PEG ratio of 2.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.85 and a current ratio of 1.32.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The company had revenue of $177.56 million for the quarter, compared to analyst estimates of $176.64 million. During the same quarter in the prior year, the business posted $0.87 EPS. Kilroy Realty’s quarterly revenue was up 5.3% on a year-over-year basis. research analysts forecast that Kilroy Realty Corp will post 3.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.48%. Kilroy Realty’s dividend payout ratio (DPR) is 112.58%.
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Kilroy Realty 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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