Kilroy Realty Corporation (KRC) Position Raised by Prudential Financial Inc.
Prudential Financial Inc. increased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 835.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 580,802 shares of the real estate investment trust’s stock after purchasing an additional 518,739 shares during the quarter. Prudential Financial Inc. owned approximately 0.59% of Kilroy Realty Corporation worth $41,307,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. 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 last quarter. Perigon Wealth Management LLC lifted its stake in Kilroy Realty Corporation by 54.5% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 750 shares during the last quarter. KCG Holdings Inc. purchased a new stake in Kilroy Realty Corporation in the first quarter valued at approximately $218,000. Quantbot Technologies LP lifted its stake in Kilroy Realty Corporation by 53.8% in the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 1,121 shares during the last quarter. Finally, TLP Group LLC purchased a new stake in Kilroy Realty Corporation in the second quarter valued at approximately $254,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.
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Kilroy Realty Corporation (NYSE:KRC) opened at $74.85 on Monday. The stock 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. 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 twelve month low of $67.00 and a twelve month high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). The company had revenue of $181.50 million during the quarter, compared to analyst estimates of $179.03 million. Kilroy Realty Corporation had a net margin of 23.77% and a return on equity of 4.44%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. sell-side analysts forecast that Kilroy Realty Corporation will post 3.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, September 28th. Kilroy Realty Corporation’s payout ratio is currently 111.84%.
A number of brokerages have weighed in on KRC. BidaskClub upgraded Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded 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 for the company. Stifel Nicolaus reiterated a “buy” rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a research note on Friday, August 25th. 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 presently has a consensus rating of “Hold” and a consensus target price of $77.50.
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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