Advisors Asset Management Inc. Purchases 797 Shares of Kilroy Realty Corporation (KRC)
Advisors Asset Management Inc. grew its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,327 shares of the real estate investment trust’s stock after buying an additional 797 shares during the period. Advisors Asset Management Inc.’s holdings in Kilroy Realty were worth $806,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of KRC. Canada Pension Plan Investment Board acquired a new stake in shares of Kilroy Realty during the 3rd quarter worth $12,425,000. Timbercreek Asset Management Ltd. grew its holdings in shares of Kilroy Realty by 55.9% during the 2nd quarter. Timbercreek Asset Management Ltd. now owns 144,476 shares of the real estate investment trust’s stock worth $10,857,000 after purchasing an additional 51,781 shares in the last quarter. South Dakota Investment Council acquired a new stake in shares of Kilroy Realty during the 2nd quarter worth $932,000. Virtu KCG Holdings LLC grew its holdings in shares of Kilroy Realty by 134.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 7,099 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 4,071 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Kilroy Realty by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 176,073 shares of the real estate investment trust’s stock worth $13,231,000 after purchasing an additional 10,920 shares in the last quarter. Hedge funds and other institutional investors own 97.85% of the company’s stock.
Several analysts have recently issued reports on the company. Evercore ISI raised Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Monday, August 14th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price on shares of Kilroy Realty in a report on Thursday, September 21st. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub raised Kilroy Realty from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Finally, Bank of America lowered Kilroy Realty from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $77.00 in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.43.
Shares of Kilroy Realty Corporation (NYSE KRC) opened at $75.58 on Friday. The firm has a market capitalization of $7,435.71, a PE ratio of 22.03, a P/E/G ratio of 2.99 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. Kilroy Realty Corporation has a 12 month low of $67.00 and a 12 month high of $78.33.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data 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). The business had revenue of $181.50 million during the quarter, compared to analyst estimates of $179.03 million. Kilroy Realty had a net margin of 23.77% and a return on equity of 4.44%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. equities analysts predict that Kilroy Realty Corporation will post 3.52 EPS for the current fiscal year.
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Kilroy Realty 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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