New Mexico Educational Retirement Board increased its stake in Kilroy Realty Corp (NYSE:KRC) by 78.6% in the fourth quarter, HoldingsChannel reports. The firm owned 24,300 shares of the real estate investment trust’s stock after acquiring an additional 10,694 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Kilroy Realty were worth $1,814,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in KRC. Bank of New York Mellon Corp increased its holdings in shares of Kilroy Realty by 148.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after purchasing an additional 2,235,377 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Kilroy Realty by 84.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,788,594 shares of the real estate investment trust’s stock valued at $357,469,000 after purchasing an additional 2,190,960 shares in the last quarter. Long Pond Capital LP purchased a new position in shares of Kilroy Realty in the 3rd quarter valued at about $58,103,000. Principal Financial Group Inc. increased its holdings in shares of Kilroy Realty by 17.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock valued at $284,224,000 after purchasing an additional 602,993 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of 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 valued at $41,307,000 after purchasing an additional 518,739 shares in the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.
Kilroy Realty Corp (NYSE:KRC) opened at $68.43 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Kilroy Realty Corp has a twelve month low of $62.91 and a twelve month high of $78.33. The firm has a market cap of $6,755.49, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.69 and a beta of 0.69.
Kilroy Realty (NYSE:KRC) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The firm had revenue of $177.56 million during the quarter, compared to the consensus estimate of $176.64 million. During the same period last year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts anticipate that Kilroy Realty Corp will post 3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.70 annualized dividend and a yield of 2.48%. Kilroy Realty’s dividend payout ratio (DPR) is currently 112.58%.
A number of equities analysts have recently issued reports on KRC shares. BMO Capital Markets reiterated a “buy” rating and issued a $79.00 price target on shares of Kilroy Realty in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. Robert W. Baird set a $75.00 price target on shares of Kilroy Realty and gave the company a “hold” rating in a report on Monday, February 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price target on shares of Kilroy Realty in a report on Friday. Finally, JPMorgan Chase & Co. downgraded shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $76.22.
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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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