Janus Henderson Group PLC lifted its position in shares of Kilroy Realty Corp (NYSE:KRC) by 12.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,410 shares of the real estate investment trust’s stock after purchasing an additional 7,200 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of Kilroy Realty worth $4,581,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of KRC. Bank of New York Mellon Corp grew its holdings in shares of Kilroy Realty by 148.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock worth $266,350,000 after purchasing an additional 2,235,377 shares during the period. Long Pond Capital LP purchased a new stake in shares of Kilroy Realty during the 3rd quarter worth about $58,103,000. Principal Financial Group Inc. grew its holdings in shares of Kilroy Realty by 17.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock worth $284,224,000 after purchasing an additional 602,993 shares during the period. Standard Life Investments LTD purchased a new position in Kilroy Realty in the 2nd quarter worth approximately $42,070,000. Finally, Prudential Financial Inc. boosted its holdings in Kilroy Realty by 835.8% in the 3rd quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock worth $41,307,000 after acquiring an additional 518,739 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
KRC has been the subject of a number of analyst reports. Goldman Sachs Group initiated coverage on Kilroy Realty in a report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target on shares of Kilroy Realty in a report on Thursday, September 21st. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. cut Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a report on Friday, December 15th. Finally, Robert W. Baird cut Kilroy Realty from an “outperform” rating to a “neutral” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.86.
Kilroy Realty Corp (KRC) opened at $71.55 on Friday. The company has a market capitalization of $7,040.00, a P/E ratio of 47.07, a PEG ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. Kilroy Realty Corp has a one year low of $67.00 and a one year high of $78.33.
Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). The business had revenue of $181.50 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.92 earnings per share. sell-side analysts anticipate that Kilroy Realty Corp will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 28th. Kilroy Realty’s dividend payout ratio (DPR) is currently 111.84%.
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Kilroy Realty 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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