Virginia Retirement Systems ET AL acquired a new position in shares of Kilroy Realty Corp. (NYSE:KRC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,800 shares of the real estate investment trust’s stock, valued at approximately $1,047,000.
A number of other hedge funds have also bought and sold shares of KRC. PNC Financial Services Group Inc. increased its stake in Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 371 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Kilroy Realty Corp. by 33.1% in the second quarter. Advisors Asset Management Inc. now owns 3,195 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 795 shares in the last quarter. BB&T Securities LLC acquired a new stake in Kilroy Realty Corp. during the second quarter worth about $217,000. Timber Hill LLC acquired a new stake in Kilroy Realty Corp. during the second quarter worth about $235,000. Finally, BlackRock Japan Co. Ltd increased its stake in Kilroy Realty Corp. by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 4,898 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 51 shares in the last quarter.
Kilroy Realty Corp. (NYSE:KRC) opened at 69.35 on Friday. Kilroy Realty Corp. has a 12 month low of $46.76 and a 12 month high of $74.17. The firm has a market capitalization of $6.39 billion, a PE ratio of 19.80 and a beta of 1.02. The firm has a 50-day moving average of $70.34 and a 200 day moving average of $66.24.
Kilroy Realty Corp. (NYSE:KRC) last posted its earnings results on Monday, July 25th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm earned $160.10 million during the quarter, compared to the consensus estimate of $140.64 million. Kilroy Realty Corp. had a net margin of 57.28% and a return on equity of 10.85%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Equities research analysts forecast that Kilroy Realty Corp. will post $3.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 2.16%. Kilroy Realty Corp.’s payout ratio is 42.74%.
A number of analysts have issued reports on KRC shares. BMO Capital Markets reissued a “buy” rating on shares of Kilroy Realty Corp. in a report on Sunday, June 26th. Stifel Nicolaus boosted their price objective on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 1st. BTIG Research assumed coverage on shares of Kilroy Realty Corp. in a report on Thursday, August 25th. They set a “buy” rating and a $80.00 price target for the company. Zacks Investment Research raised shares of Kilroy Realty Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. upped their price target on shares of Kilroy Realty Corp. from $71.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $75.64.
Kilroy Realty Corp. Company Profile
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate 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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