Lazard Asset Management LLC grew its position in Kilroy Realty Corp (NYSE:KRC) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,956 shares of the real estate investment trust’s stock after acquiring an additional 7,670 shares during the quarter. Lazard Asset Management LLC owned 0.17% of Kilroy Realty worth $12,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in KRC. Aperio Group LLC increased its stake in Kilroy Realty by 2.4% in the 3rd quarter. Aperio Group LLC now owns 35,314 shares of the real estate investment trust’s stock worth $2,512,000 after acquiring an additional 837 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Kilroy Realty in the 3rd quarter worth approximately $846,000. Canada Pension Plan Investment Board bought a new stake in Kilroy Realty in the 3rd quarter worth approximately $12,425,000. State Board of Administration of Florida Retirement System increased its stake in Kilroy Realty by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 136,892 shares of the real estate investment trust’s stock worth $9,736,000 after acquiring an additional 730 shares during the last quarter. Finally, Forsta AP Fonden increased its stake in Kilroy Realty by 43.6% in the 3rd quarter. Forsta AP Fonden now owns 42,800 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 13,000 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.
Kilroy Realty Corp (KRC) traded down $0.09 on Wednesday, reaching $70.54. The company had a trading volume of 679,884 shares, compared to its average volume of 576,798. Kilroy Realty Corp has a one year low of $62.91 and a one year high of $77.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6,954.91, a PE ratio of 46.72, a P/E/G ratio of 2.78 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 return on equity of 4.22% and a net margin of 22.90%. The company had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. During the same quarter in the previous year, the business earned $0.87 EPS. Kilroy Realty’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts anticipate 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. Investors of record on Thursday, March 29th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is currently 112.58%.
A number of research firms have issued reports on KRC. BMO Capital Markets reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Kilroy Realty in a research note on Tuesday, January 9th. Robert W. Baird set a $75.00 target price on Kilroy Realty and gave the stock a “hold” rating in a report on Monday, February 5th. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. cut 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. Finally, Citigroup upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, February 27th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.30.
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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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