Global Endowment Management LP Has $3.01 Million Holdings in Kilroy Realty Corporation (KRC)
Global Endowment Management LP raised its stake in Kilroy Realty Corporation (NYSE:KRC) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,070 shares of the real estate investment trust’s stock after buying an additional 4,490 shares during the quarter. Global Endowment Management LP’s holdings in Kilroy Realty Corporation were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in KRC. Perigon Wealth Management LLC acquired a new position in Kilroy Realty Corporation in the first quarter valued at about $100,000. Invictus RG acquired a new position in Kilroy Realty Corporation in the first quarter valued at about $131,000. Advisor Group Inc. lifted its stake in Kilroy Realty Corporation by 27.8% in the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 426 shares during the period. Quantbot Technologies LP acquired a new position in Kilroy Realty Corporation in the first quarter valued at about $150,000. Finally, KCG Holdings Inc. acquired a new position in Kilroy Realty Corporation in the first quarter valued at about $218,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. BidaskClub raised Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Evercore ISI raised Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock 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 Tuesday, September 12th. Finally, Bank of America Corporation lowered Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $80.00 to $77.00 in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $77.67.
Kilroy Realty Corporation (NYSE:KRC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, September 28th. Kilroy Realty Corporation’s payout ratio is presently 122.30%.
Kilroy Realty Corporation Profile
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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