Landscape Capital Management L.L.C. bought a new stake in Kilroy Realty Corp (NYSE:KRC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,977 shares of the real estate investment trust’s stock, valued at approximately $1,475,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hanson & Doremus Investment Management acquired a new position in Kilroy Realty in the first quarter valued at $52,000. CAPROCK Group Inc. purchased a new position in Kilroy Realty during the second quarter worth approximately $205,000. Piedmont Investment Advisors Inc. purchased a new position in Kilroy Realty during the first quarter worth approximately $207,000. Bailard Inc. purchased a new position in Kilroy Realty during the second quarter worth approximately $214,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Kilroy Realty during the first quarter worth approximately $219,000. 96.67% of the stock is currently owned by institutional investors.
In related news, Director Jolie A. Hunt sold 4,434 shares of Kilroy Realty stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $75.02, for a total transaction of $332,638.68. Following the sale, the director now owns 4,099 shares of the company’s stock, valued at approximately $307,506.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 1,500 shares of Kilroy Realty stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total transaction of $117,000.00. Following the sale, the chief accounting officer now directly owns 8,120 shares in the company, valued at approximately $633,360. The disclosure for this sale can be found here. Company insiders own 2.26% of the company’s stock.
KRC has been the topic of a number of recent analyst reports. BMO Capital Markets set a $81.00 price target on shares of Kilroy Realty and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, ValuEngine downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $81.86.
Shares of KRC stock traded up $1.29 during mid-day trading on Friday, reaching $78.57. The company’s stock had a trading volume of 344,200 shares, compared to its average volume of 590,325. The company’s 50 day simple moving average is $77.13 and its 200-day simple moving average is $75.75. Kilroy Realty Corp has a 12-month low of $59.05 and a 12-month high of $80.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $7.93 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.77.
Kilroy Realty Profile
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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