Kilroy Realty Corporation (KRC) Stake Held by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board held its position in Kilroy Realty Corporation (NYSE:KRC) during the second quarter, Holdings Channel reports. The fund owned 13,606 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Kilroy Realty Corporation were worth $944,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in KRC. Perigon Wealth Management LLC bought a new position in Kilroy Realty Corporation during the first quarter valued at $100,000. Invictus RG bought a new position in Kilroy Realty Corporation during the first quarter valued at $131,000. Quantbot Technologies LP bought a new position in Kilroy Realty Corporation during the first quarter valued at $150,000. Flinton Capital Management LLC raised its position in Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in Kilroy Realty Corporation during the first quarter valued at $218,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kilroy Realty Corporation (NYSE:KRC) opened at 70.25 on Tuesday. The firm has a 50 day moving average price of $72.12 and a 200 day moving average price of $73.31. The company has a market capitalization of $6.90 billion, a P/E ratio of 51.05 and a beta of 0.74. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33.
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. On average, equities research analysts predict that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
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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. 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. Zacks Investment Research lowered Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Deutsche Bank AG increased their target price on Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.40.
In other news, insider Justin William Smart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total value of $766,600.00. Following the transaction, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.28% of the stock is owned by insiders.
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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