Amundi Pioneer Asset Management Inc. bought a new position in shares of Kilroy Realty Corp (NYSE:KRC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 80,567 shares of the real estate investment trust’s stock, valued at approximately $6,015,000. Amundi Pioneer Asset Management Inc. owned 0.08% of Kilroy Realty as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in KRC. Vident Investment Advisory LLC acquired a new stake in Kilroy Realty during the 3rd quarter worth approximately $235,000. Kemper Corp Master Retirement Trust raised its holdings in Kilroy Realty by 66.7% during the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 1,600 shares during the period. Lourd Capital LLC acquired a new stake in Kilroy Realty during the 4th quarter worth approximately $290,000. Cadence Capital Management LLC raised its holdings in Kilroy Realty by 34.2% during the 3rd quarter. Cadence Capital Management LLC now owns 6,986 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 1,779 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Kilroy Realty during the 4th quarter worth approximately $546,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Shares of KRC stock opened at $70.96 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. Kilroy Realty Corp has a fifty-two week low of $62.91 and a fifty-two week high of $77.70. The stock has a market cap of $7,108.92, a P/E ratio of 46.99, a PEG ratio of 2.84 and a beta of 0.71.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The company had revenue of $177.56 million for the quarter, compared to the consensus estimate of $176.64 million. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts predict that Kilroy Realty Corp will post 3.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.40%. Kilroy Realty’s dividend payout ratio (DPR) is presently 112.58%.
Several analysts have commented on KRC shares. BMO Capital Markets restated a “buy” rating and set a $79.00 target price on shares of Kilroy Realty in a report on Thursday, February 1st. Citigroup upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, February 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday. Robert W. Baird set a $75.00 target price on shares of Kilroy Realty and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price objective on shares of Kilroy Realty in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.30.
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About Kilroy Realty
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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