Resolution Capital Ltd boosted its position in Kilroy Realty Corp (NYSE:KRC) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,813,523 shares of the real estate investment trust’s stock after buying an additional 108,458 shares during the period. Kilroy Realty Corp accounts for 6.5% of Resolution Capital Ltd’s portfolio, making the stock its 4th largest position. Resolution Capital Ltd’s holdings in Kilroy Realty Corp were worth $130,719,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Flinton Capital Management LLC purchased a new stake in shares of Kilroy Realty Corp during the fourth quarter worth about $177,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Kilroy Realty Corp during the fourth quarter worth about $185,000. Two Sigma Securities LLC purchased a new stake in shares of Kilroy Realty Corp during the third quarter worth about $205,000. Kemper Corp Master Retirement Trust purchased a new stake in shares of Kilroy Realty Corp during the third quarter worth about $213,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Kilroy Realty Corp during the fourth quarter worth about $243,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Kilroy Realty Corp (NYSE:KRC) traded down 0.42% during midday trading on Friday, hitting $71.58. 593,309 shares of the stock traded hands. Kilroy Realty Corp has a 52-week low of $61.49 and a 52-week high of $78.33. The firm’s 50-day moving average is $72.35 and its 200-day moving average is $73.17. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 51.50 and a beta of 0.77.
Kilroy Realty Corp (NYSE:KRC) last posted its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.59. The company had revenue of $179.30 million during the quarter, compared to the consensus estimate of $172.26 million. Kilroy Realty Corp had a return on equity of 8.72% and a net margin of 45.72%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts predict that Kilroy Realty Corp will post $1.32 EPS for the current year.
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A number of equities research analysts have issued reports on the stock. Evercore ISI raised shares of Kilroy Realty Corp from an “underperform” rating to an “in-line” rating and set a $76.00 price target on the stock in a report on Tuesday, March 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $82.00 target price on shares of Kilroy Realty Corp in a research report on Thursday, March 2nd. Finally, Zacks Investment Research cut shares of Kilroy Realty Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.67.
About Kilroy Realty Corp
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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