Mutual of America Capital Management LLC lifted its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,254 shares of the real estate investment trust’s stock after purchasing an additional 1,462 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kilroy Realty were worth $7,761,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Kilroy Realty during the second quarter worth $11,726,000. Point72 Hong Kong Ltd acquired a new stake in shares of Kilroy Realty during the second quarter worth $348,000. BlackRock Inc. boosted its holdings in shares of Kilroy Realty by 0.6% during the second quarter. BlackRock Inc. now owns 11,717,544 shares of the real estate investment trust’s stock worth $886,315,000 after purchasing an additional 69,048 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Kilroy Realty during the second quarter worth $4,570,000. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Kilroy Realty by 3.4% during the third quarter. Louisiana State Employees Retirement System now owns 27,600 shares of the real estate investment trust’s stock worth $1,979,000 after purchasing an additional 900 shares during the last quarter.
NYSE:KRC opened at $69.09 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Kilroy Realty Corp has a 12 month low of $62.91 and a 12 month high of $77.73. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.62 and a beta of 0.66.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Kilroy Realty had a return on equity of 3.16% and a net margin of 17.26%. The company had revenue of $186.56 million for the quarter, compared to analyst estimates of $183.32 million. Equities research analysts anticipate that Kilroy Realty Corp will post 3.61 EPS for the current fiscal year.
Several research firms have recently issued reports on KRC. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $82.00 in a research report on Tuesday, November 13th. Deutsche Bank increased their target price on Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Finally, Scotiabank started coverage on Kilroy Realty in a research report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Kilroy Realty presently has an average rating of “Buy” and a consensus target price of $78.63.
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About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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