Crossmark Global Holdings Inc. Acquires Shares of 11,892 Kilroy Realty Corporation (KRC)
Crossmark Global Holdings Inc. acquired a new position in Kilroy Realty Corporation (NYSE:KRC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,892 shares of the real estate investment trust’s stock, valued at approximately $846,000.
Other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Kilroy Realty Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,344 shares of the real estate investment trust’s stock valued at $1,078,000 after purchasing an additional 62 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Kilroy Realty Corporation by 0.4% during the second quarter. State of Wisconsin Investment Board now owns 19,263 shares of the real estate investment trust’s stock valued at $1,448,000 after buying an additional 70 shares during the last quarter. World Asset Management Inc boosted its stake in Kilroy Realty Corporation by 2.5% during the second quarter. World Asset Management Inc now owns 7,645 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 183 shares during the last quarter. Phocas Financial Corp. boosted its stake in Kilroy Realty Corporation by 3.0% during the second quarter. Phocas Financial Corp. now owns 8,397 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 248 shares during the last quarter. Finally, GAM Holding AG boosted its stake in Kilroy Realty Corporation by 3.9% during the second quarter. GAM Holding AG now owns 8,278 shares of the real estate investment trust’s stock valued at $622,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.
Shares of Kilroy Realty Corporation (NYSE:KRC) opened at $74.85 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63. Kilroy Realty Corporation has a fifty-two week low of $67.00 and a fifty-two week high of $78.33. The firm has a market capitalization of $7,363.91, a P/E ratio of 21.82, a PEG ratio of 2.96 and a beta of 0.77.
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 for the quarter, missing the 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 business had revenue of $181.50 million during the quarter, compared to analysts’ expectations of $179.03 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. research analysts anticipate that Kilroy Realty Corporation will post 3.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.27%. Kilroy Realty Corporation’s payout ratio is 111.84%.
A number of equities analysts recently commented on KRC shares. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target on shares of Kilroy Realty Corporation in a research note on Thursday, September 21st. Zacks Investment Research upgraded Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. KeyCorp restated a “hold” rating on shares of Kilroy Realty Corporation in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) initiated coverage on Kilroy Realty Corporation in a research report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Bank of America Corporation downgraded Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $77.00 in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price 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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