Profund Advisors LLC cut its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,513 shares of the real estate investment trust’s stock after selling 1,763 shares during the period. Profund Advisors LLC’s holdings in Kilroy Realty were worth $1,009,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of KRC. Swiss National Bank lifted its stake in Kilroy Realty by 0.9% in the 3rd quarter. Swiss National Bank now owns 164,311 shares of the real estate investment trust’s stock worth $11,686,000 after purchasing an additional 1,500 shares in the last quarter. Sei Investments Co. raised its position in shares of Kilroy Realty by 5.9% during the 3rd quarter. Sei Investments Co. now owns 235,562 shares of the real estate investment trust’s stock valued at $16,753,000 after buying an additional 13,220 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Kilroy Realty by 1.9% during the 3rd quarter. New York State Common Retirement Fund now owns 214,600 shares of the real estate investment trust’s stock valued at $15,262,000 after buying an additional 4,000 shares in the last quarter. Rhumbline Advisers raised its position in shares of Kilroy Realty by 15.5% during the 3rd quarter. Rhumbline Advisers now owns 222,726 shares of the real estate investment trust’s stock valued at $15,840,000 after buying an additional 29,902 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Kilroy Realty by 148.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after buying an additional 2,235,377 shares in the last quarter. 97.80% of the stock is owned by institutional investors and hedge funds.
KRC stock opened at $69.49 on Friday. The firm has a market capitalization of $6,975.64, a PE ratio of 20.44, a P/E/G ratio of 2.82 and a beta of 0.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Kilroy Realty Corp has a one year low of $62.91 and a one year high of $77.70.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 the consensus estimate of $176.64 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Kilroy Realty’s revenue was up 5.3% on a year-over-year basis. equities research analysts predict that Kilroy Realty Corp will post 3.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is presently 50.00%.
Several equities analysts recently commented on KRC shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $75.00 target price on shares of Kilroy Realty in a report on Friday, February 16th. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Citigroup raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, February 27th. They noted that the move was a valuation call. JPMorgan Chase cut shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a research report on Friday, December 15th. Finally, Robert W. Baird cut shares of Kilroy Realty from an “outperform” rating to a “neutral” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $76.30.
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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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