Nisa Investment Advisors LLC continued to hold its stake in Kilroy Realty Corporation (NYSE:KRC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,875 shares of the real estate investment trust’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Kilroy Realty Corporation were worth $1,869,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of KRC. Teachers Advisors LLC increased its stake in Kilroy Realty Corporation by 42.0% in the fourth quarter. Teachers Advisors LLC now owns 681,216 shares of the real estate investment trust’s stock worth $49,879,000 after buying an additional 201,451 shares during the period. Bank of Montreal Can increased its stake in Kilroy Realty Corporation by 707.1% in the first quarter. Bank of Montreal Can now owns 952,162 shares of the real estate investment trust’s stock worth $68,632,000 after buying an additional 834,194 shares during the period. Capstone Asset Management Co. increased its stake in Kilroy Realty Corporation by 11.9% in the first quarter. Capstone Asset Management Co. now owns 10,322 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 1,100 shares during the period. Fox Run Management L.L.C. increased its stake in Kilroy Realty Corporation by 100.0% in the first quarter. Fox Run Management L.L.C. now owns 7,600 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 3,800 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Kilroy Realty Corporation by 8.3% in the first quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $1,780,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.
Kilroy Realty Corporation (NYSE KRC) traded down 0.90% during trading on Friday, hitting $68.35. 415,098 shares of the stock were exchanged. The company has a 50-day moving average price of $71.32 and a 200 day moving average price of $73.16. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 49.67 and a beta of 0.74. Kilroy Realty Corporation has a 1-year low of $65.77 and a 1-year high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $180.60 million during the quarter, compared to analyst estimates of $178.63 million. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts predict that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on KRC shares. Deutsche Bank AG raised their price objective on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. BidaskClub upgraded shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price on shares of Kilroy Realty Corporation in a research note on Thursday, July 6th. Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $79.00.
In related news, insider Justin William Smart sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were 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 of the company’s stock, valued at approximately $7,130,683.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.28% of the company’s stock.
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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