Geode Capital Management LLC raised its holdings in Kilroy Realty Corp (NYSE:KRC) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 987,041 shares of the real estate investment trust’s stock after buying an additional 17,321 shares during the quarter. Geode Capital Management LLC owned 1.00% of Kilroy Realty worth $73,682,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KRC. Timber Hill LLC acquired a new stake in Kilroy Realty in the 3rd quarter valued at approximately $215,000. Vident Investment Advisory LLC acquired a new stake in Kilroy Realty in the 3rd quarter valued at approximately $235,000. Kemper Corp Master Retirement Trust grew its holdings 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 last quarter. Lourd Capital LLC acquired a new stake in Kilroy Realty in the 4th quarter valued at approximately $290,000. Finally, Cadence Capital Management LLC grew its holdings in Kilroy Realty by 34.2% in the 3rd quarter. Cadence Capital Management LLC now owns 6,986 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 1,779 shares during the last quarter. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on KRC shares. Robert W. Baird set a $75.00 target price on Kilroy Realty and gave the company a “hold” rating in a report on Monday, February 5th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, February 27th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and issued a $79.00 target price on shares of Kilroy Realty in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $76.30.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting 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 company had revenue of $177.56 million for the quarter, compared to analyst estimates of $176.64 million. During the same quarter last year, the firm earned $0.87 EPS. Kilroy Realty’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts expect that Kilroy Realty Corp will post 3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is presently 112.58%.
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Kilroy Realty 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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