Boston Partners Buys 4,260 Shares of Kilroy Realty Corporation (KRC)
Boston Partners boosted its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 949,382 shares of the real estate investment trust’s stock after buying an additional 4,260 shares during the quarter. Boston Partners owned approximately 0.96% of Kilroy Realty Corporation worth $67,520,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Timbercreek Asset Management Ltd. lifted its holdings in Kilroy Realty Corporation by 55.9% during the 2nd quarter. Timbercreek Asset Management Ltd. now owns 144,476 shares of the real estate investment trust’s stock worth $10,857,000 after buying an additional 51,781 shares during the period. South Dakota Investment Council acquired a new position in Kilroy Realty Corporation during the 2nd quarter worth about $932,000. State Treasurer State of Michigan lifted its holdings in Kilroy Realty Corporation by 2.0% during the 2nd quarter. State Treasurer State of Michigan now owns 40,500 shares of the real estate investment trust’s stock worth $3,044,000 after buying an additional 800 shares during the period. Sentry Investments Corp. acquired a new position in Kilroy Realty Corporation during the 2nd quarter worth about $15,481,000. Finally, BlackRock Inc. lifted its holdings in Kilroy Realty Corporation by 1.4% during the 2nd quarter. BlackRock Inc. now owns 11,298,274 shares of the real estate investment trust’s stock worth $849,067,000 after buying an additional 151,580 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.
Kilroy Realty Corporation (NYSE:KRC) opened at $74.85 on Friday. Kilroy Realty Corporation has a 52 week low of $67.00 and a 52 week high of $78.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $7,363.89, a P/E ratio of 21.82, a P/E/G ratio of 2.96 and a beta of 0.77.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $181.50 million for the quarter, compared to analyst estimates of $179.03 million. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. analysts anticipate that Kilroy Realty Corporation will post 3.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is currently 111.84%.
A number of brokerages have recently issued reports on KRC. BidaskClub raised Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Goldman Sachs Group, Inc. (The) began coverage on Kilroy Realty Corporation in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Kilroy Realty Corporation in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus 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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