AlphaQuest LLC Increases Stake in Kilroy Realty Corporation $KRC

AlphaQuest LLC raised its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 1,483.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 86,733 shares of the real estate investment trust’s stock after purchasing an additional 81,257 shares during the quarter. AlphaQuest LLC’s holdings in Kilroy Realty were worth $3,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KRC. Sequoia Financial Advisors LLC acquired a new stake in Kilroy Realty during the second quarter worth about $320,000. D.A. Davidson & CO. acquired a new stake in Kilroy Realty in the 2nd quarter valued at approximately $269,000. Aaron Wealth Advisors LLC grew its position in Kilroy Realty by 521.6% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 41,581 shares of the real estate investment trust’s stock valued at $1,757,000 after acquiring an additional 34,892 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Kilroy Realty by 0.9% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust’s stock valued at $6,225,000 after buying an additional 1,618 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Kilroy Realty by 78.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,644 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 5,995 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KRC. KeyCorp reiterated a “sector weight” rating on shares of Kilroy Realty in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kilroy Realty in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $35.00 price objective on shares of Kilroy Realty in a report on Tuesday, January 6th. Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $45.00 in a report on Monday, October 13th. Finally, Wells Fargo & Company raised their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.92.

Kilroy Realty Stock Up 0.4%

Kilroy Realty stock opened at $34.48 on Friday. The stock has a 50 day moving average of $38.98 and a two-hundred day moving average of $40.03. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $45.03. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 12.72 and a beta of 1.10. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The business had revenue of $279.74 million for the quarter, compared to analyst estimates of $271.24 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Kilroy Realty’s payout ratio is currently 79.70%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.