Ellington Management Group LLC acquired a new stake in shares of Kilroy Realty Corp (NYSE:KRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,700 shares of the real estate investment trust’s stock, valued at approximately $426,000.
Several other large investors have also recently added to or reduced their stakes in the company. Heitman Real Estate Securities LLC raised its position in shares of Kilroy Realty by 22.5% in the fourth quarter. Heitman Real Estate Securities LLC now owns 555,608 shares of the real estate investment trust’s stock valued at $41,476,000 after purchasing an additional 101,933 shares during the period. Teachers Insurance & Annuity Association of America increased its position in Kilroy Realty by 9.9% during the fourth quarter. Teachers Insurance & Annuity Association of America now owns 106,012 shares of the real estate investment trust’s stock worth $7,914,000 after acquiring an additional 9,544 shares during the period. Thrivent Financial For Lutherans boosted its stake in Kilroy Realty by 3.0% during the fourth quarter. Thrivent Financial For Lutherans now owns 73,358 shares of the real estate investment trust’s stock worth $5,476,000 after buying an additional 2,144 shares in the last quarter. MANA Advisors LLC acquired a new stake in Kilroy Realty during the fourth quarter worth $219,000. Finally, Chilton Capital Management LLC boosted its stake in Kilroy Realty by 3.8% during the fourth quarter. Chilton Capital Management LLC now owns 223,229 shares of the real estate investment trust’s stock worth $16,664,000 after buying an additional 8,263 shares in the last quarter. 97.80% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. JPMorgan Chase downgraded shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target on the stock. in a research note on Friday, December 15th. Robert W. Baird downgraded shares of Kilroy Realty from an “outperform” rating to a “neutral” rating in a research note on Monday, January 8th. BMO Capital Markets restated a “buy” rating and issued a $79.00 target price on shares of Kilroy Realty in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a report on Tuesday, February 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $76.30.
Shares of KRC traded down $0.79 on Friday, hitting $69.49. The company’s stock had a trading volume of 278,878 shares, compared to its average volume of 509,324. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.32. Kilroy Realty Corp has a fifty-two week low of $62.91 and a fifty-two week high of $77.70. The firm has a market capitalization of $6,938.13, a PE ratio of 20.44, a P/E/G ratio of 2.80 and a beta of 0.67.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The business had revenue of $177.56 million during the quarter, compared to analyst estimates of $176.64 million. During the same period in the previous year, the firm earned $0.87 EPS. Kilroy Realty’s quarterly revenue was up 5.3% compared to the same quarter last year. equities research analysts predict that Kilroy Realty Corp will post 3.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is currently 50.00%.
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About Kilroy Realty
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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