WINTON GROUP Ltd grew its stake in Kilroy Realty Corp (NYSE:KRC) by 69.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,682 shares of the real estate investment trust’s stock after buying an additional 52,386 shares during the period. WINTON GROUP Ltd owned 0.13% of Kilroy Realty worth $9,658,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC raised its position in Kilroy Realty by 8.7% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 9,592 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 770 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Kilroy Realty by 3.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the real estate investment trust’s stock worth $2,020,000 after buying an additional 800 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Kilroy Realty by 9.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,951 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 900 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Kilroy Realty by 3.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 30,670 shares of the real estate investment trust’s stock worth $2,176,000 after purchasing an additional 920 shares during the period. Finally, Glen Harbor Capital Management LLC grew its stake in shares of Kilroy Realty by 8.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 12,208 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 980 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.
Shares of Kilroy Realty stock traded up $0.37 during mid-day trading on Friday, hitting $69.03. 632,808 shares of the stock were exchanged, compared to its average volume of 543,591. The stock has a market capitalization of $7.22 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.70 and a beta of 0.66. Kilroy Realty Corp has a twelve month low of $62.91 and a twelve month high of $77.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.16 and a quick ratio of 1.16.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.63). Kilroy Realty had a return on equity of 4.12% and a net margin of 22.42%. The company had revenue of $187.10 million for the quarter, compared to analysts’ expectations of $182.30 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Kilroy Realty Corp will post 3.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.82 annualized dividend and a yield of 2.64%. Kilroy Realty’s payout ratio is 53.53%.
KRC has been the topic of a number of recent analyst reports. Deutsche Bank upped their price target on shares of Kilroy Realty from $75.00 to $81.00 and gave the stock a “hold” rating in a research note on Tuesday, June 26th. Robert W. Baird reaffirmed a “hold” rating and set a $78.00 price target on shares of Kilroy Realty in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.14.
Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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