RMR Advisors LLC increased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 24.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,600 shares of the real estate investment trust’s stock after purchasing an additional 7,000 shares during the period. RMR Advisors LLC’s holdings in Kilroy Realty Corporation were worth $2,532,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of KRC. PNC Financial Services Group Inc. grew its holdings in Kilroy Realty Corporation by 22.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,631 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 839 shares during the period. KCG Holdings Inc. bought a new position in Kilroy Realty Corporation during the first quarter worth about $218,000. Oppenheimer Asset Management Inc. bought a new position in Kilroy Realty Corporation during the first quarter worth about $652,000. AQR Capital Management LLC grew its holdings in Kilroy Realty Corporation by 114.3% during the first quarter. AQR Capital Management LLC now owns 48,953 shares of the real estate investment trust’s stock worth $3,528,000 after purchasing an additional 26,110 shares during the period. Finally, Jane Street Group LLC bought a new position in Kilroy Realty Corporation during the first quarter worth about $390,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Shares of Kilroy Realty Corporation (NYSE KRC) traded up 0.63% during midday trading on Tuesday, hitting $70.74. The stock had a trading volume of 194,038 shares. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 51.41 and a beta of 0.77. Kilroy Realty Corporation has a 52 week low of $66.98 and a 52 week high of $78.33. The stock’s 50-day moving average price is $70.96 and its 200 day moving average price is $71.86.
Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The company had revenue of $181.50 million for the quarter, compared to analysts’ expectations of $179.03 million. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Kilroy Realty Corporation will post $1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.42%. Kilroy Realty Corporation’s payout ratio is currently 111.84%.
A number of equities analysts recently commented on KRC shares. Evercore ISI upgraded Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Monday, August 14th. BidaskClub cut Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price target on shares of Kilroy Realty Corporation in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $77.50.
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About Kilroy Realty Corporation
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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