Resolution Capital Ltd increased its position in Kilroy Realty Corporation (NYSE:KRC) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,141,013 shares of the real estate investment trust’s stock after buying an additional 327,490 shares during the period. Kilroy Realty Corporation comprises 7.7% of Resolution Capital Ltd’s portfolio, making the stock its 4th largest position. Resolution Capital Ltd owned approximately 2.18% of Kilroy Realty Corporation worth $160,897,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in shares of Kilroy Realty Corporation during the first quarter worth about $100,000. Invictus RG bought a new stake in shares of Kilroy Realty Corporation during the first quarter valued at $131,000. Quantbot Technologies LP bought a new stake in shares of Kilroy Realty Corporation during the first quarter valued at $150,000. Flinton Capital Management LLC boosted 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 period. 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 institutional investors.
Shares of Kilroy Realty Corporation (NYSE KRC) traded up 0.42% on Friday, reaching $68.64. The company’s stock had a trading volume of 785,590 shares. 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 has a 12-month low of $65.77 and a 12-month high of $78.33. The stock has a market cap of $6.75 billion, a PE ratio of 49.88 and a beta of 0.74.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $178.63 million. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Kilroy Realty Corporation will post $1.26 EPS for the current year.
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KRC has been the subject of several research reports. Deutsche Bank AG upped their target price on Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. BidaskClub raised Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $80.00 price objective on shares of Kilroy Realty Corporation in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.20.
In related news, insider Justin William Smart sold 10,000 shares of the stock in a transaction 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 directly owns 93,017 shares in the company, valued at approximately $7,130,683.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.28% of the stock is currently owned by corporate insiders.
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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