Kilroy Realty Corporation (KRC) Stake Increased by Cadence Capital Management LLC
Cadence Capital Management LLC lifted its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 34.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,986 shares of the real estate investment trust’s stock after buying an additional 1,779 shares during the quarter. Cadence Capital Management LLC’s holdings in Kilroy Realty were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Kilroy Realty in the third quarter worth $12,425,000. Timbercreek Asset Management Ltd. boosted its holdings in Kilroy Realty by 55.9% in the second 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 during the period. South Dakota Investment Council acquired a new position in Kilroy Realty in the second quarter worth $932,000. Virtu KCG Holdings LLC boosted its holdings in Kilroy Realty by 134.4% in the second 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 during the period. Finally, Lazard Asset Management LLC boosted its holdings in Kilroy Realty by 6.6% in the second 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 during the period. 97.86% of the stock is owned by institutional investors and hedge funds.
Shares of Kilroy Realty Corporation (NYSE KRC) traded down $0.80 during trading on Wednesday, reaching $74.41. 533,600 shares of the company’s stock traded hands, compared to its average volume of 562,061. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Kilroy Realty Corporation has a 12-month low of $67.00 and a 12-month high of $78.33. The company has a market capitalization of $7,399.33, a PE ratio of 21.93, a PEG ratio of 2.97 and a beta of 0.79.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.19). Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. The business had revenue of $181.50 million during the quarter, compared to the consensus estimate of $179.03 million. During the same quarter last year, the firm posted $0.92 earnings per share. Kilroy Realty’s revenue was up 7.8% compared to the same quarter last year. equities research analysts anticipate that Kilroy Realty Corporation will post 3.52 EPS for the current fiscal year.
Several brokerages have recently issued reports on KRC. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. BidaskClub raised shares of Kilroy Realty from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Goldman Sachs Group began coverage on shares of Kilroy Realty in a report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target on shares of Kilroy Realty in a report on Thursday, September 21st. Finally, KeyCorp reissued a “hold” rating on shares of Kilroy Realty in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $77.43.
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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