Kilroy Realty Corporation (NYSE:KRC) Shares Bought by Boston Partners
Boston Partners raised its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 945,122 shares of the real estate investment trust’s stock after buying an additional 38,095 shares during the period. Boston Partners’ holdings in Kilroy Realty Corporation were worth $71,026,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $100,000. Invictus RG acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $131,000. Quantbot Technologies LP acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $150,000. Flinton Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $218,000. Institutional investors and hedge funds own 99.72% of the company’s stock.
Shares of Kilroy Realty Corporation (KRC) opened at 68.64 on Friday. Kilroy Realty Corporation has a 1-year low of $65.77 and a 1-year high of $78.33. The company has a market cap of $6.75 billion, a PE ratio of 49.88 and a beta of 0.74. The firm has a 50-day moving average price of $72.31 and a 200 day moving average price of $73.39.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The firm had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Kilroy Realty Corporation will post $1.26 earnings per share for the current year.
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Several brokerages recently issued reports on KRC. Stifel Nicolaus reiterated a “buy” rating on shares of Kilroy Realty Corporation in a research report on Thursday, August 3rd. BidaskClub lowered Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG boosted their price objective on Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.20.
In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total value of $766,600.00. Following the completion of the sale, the insider now owns 93,017 shares of the company’s stock, valued at $7,130,683.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.28% of the company’s stock.
Kilroy Realty Corporation Company 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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