Hsbc Holdings PLC grew its stake in Kilroy Realty Corp (NYSE:KRC) by 280.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,572 shares of the real estate investment trust’s stock after purchasing an additional 57,186 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of Kilroy Realty worth $5,561,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of KRC. BlackRock Inc. lifted its stake in shares of Kilroy Realty by 2.8% in the 3rd quarter. BlackRock Inc. now owns 12,041,146 shares of the real estate investment trust’s stock valued at $863,231,000 after purchasing an additional 323,602 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Kilroy Realty by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,059,332 shares of the real estate investment trust’s stock valued at $75,943,000 after purchasing an additional 289,509 shares during the last quarter. Resolution Capital Ltd lifted its stake in shares of Kilroy Realty by 10.2% in the 3rd quarter. Resolution Capital Ltd now owns 2,076,873 shares of the real estate investment trust’s stock valued at $148,891,000 after purchasing an additional 191,496 shares during the last quarter. PGGM Investments lifted its stake in shares of Kilroy Realty by 6.0% in the 3rd quarter. PGGM Investments now owns 3,097,019 shares of the real estate investment trust’s stock valued at $222,025,000 after purchasing an additional 174,338 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Kilroy Realty by 258.4% in the 2nd quarter. Macquarie Group Ltd. now owns 233,000 shares of the real estate investment trust’s stock valued at $17,625,000 after purchasing an additional 167,993 shares during the last quarter.
Shares of KRC stock opened at $70.67 on Friday. Kilroy Realty Corp has a 52-week low of $62.91 and a 52-week high of $77.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $7.16 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $186.56 million during the quarter, compared to analyst estimates of $183.32 million. Kilroy Realty had a return on equity of 3.16% and a net margin of 17.26%. Research analysts expect that Kilroy Realty Corp will post 3.61 EPS for the current year.
A number of brokerages recently issued reports on KRC. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $82.00 in a research note on Tuesday, November 13th. Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Scotiabank began coverage on Kilroy Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Finally, Deutsche Bank raised their price target on Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, August 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $78.63.
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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