Alliancebernstein L.P. reduced its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 352,795 shares of the real estate investment trust’s stock after selling 2,842 shares during the period. Alliancebernstein L.P. owned about 0.35% of Kilroy Realty worth $25,292,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of KRC. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at about $206,000. Qube Research & Technologies Ltd acquired a new position in Kilroy Realty in the second quarter valued at about $280,000. NN Investment Partners Holdings N.V. acquired a new position in Kilroy Realty in the third quarter valued at about $281,000. First Hawaiian Bank acquired a new position in Kilroy Realty in the third quarter valued at about $307,000. Finally, Point72 Hong Kong Ltd acquired a new position in Kilroy Realty in the second quarter valued at about $348,000. Institutional investors and hedge funds own 99.20% of the company’s stock.
A number of equities analysts have commented on the stock. Deutsche Bank boosted their price target on shares of Kilroy Realty from $81.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $82.00 in a research report on Tuesday, November 13th. Finally, Scotiabank assumed coverage on shares of 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 given a buy rating to the company’s stock. Kilroy Realty currently has a consensus rating of “Buy” and a consensus price target of $78.63.
NYSE:KRC opened at $70.09 on Monday. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.65 and a beta of 0.63. Kilroy Realty Corp has a 12 month low of $62.91 and a 12 month high of $77.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The company had revenue of $186.56 million during the quarter, compared to the consensus estimate of $183.32 million. Research analysts predict that Kilroy Realty Corp will post 3.61 earnings per share for the current fiscal year.
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Kilroy Realty Company 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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