D. E. Shaw & Co. Inc. lifted its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 45.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 264,321 shares of the real estate investment trust’s stock after purchasing an additional 82,965 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.26% of Kilroy Realty worth $16,621,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. 1832 Asset Management L.P. increased its position in Kilroy Realty by 13.0% in the 4th quarter. 1832 Asset Management L.P. now owns 83,400 shares of the real estate investment trust’s stock valued at $5,244,000 after acquiring an additional 9,600 shares during the period. Crestline Management LP increased its position in Kilroy Realty by 217.5% in the 4th quarter. Crestline Management LP now owns 193,739 shares of the real estate investment trust’s stock valued at $12,182,000 after acquiring an additional 132,718 shares during the period. Barclays PLC increased its position in Kilroy Realty by 106.8% in the 4th quarter. Barclays PLC now owns 429,942 shares of the real estate investment trust’s stock valued at $27,035,000 after acquiring an additional 222,080 shares during the period. Cohen & Steers Inc. increased its position in Kilroy Realty by 2.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,927,244 shares of the real estate investment trust’s stock valued at $687,105,000 after acquiring an additional 293,246 shares during the period. Finally, American International Group Inc. increased its position in Kilroy Realty by 0.4% in the 4th quarter. American International Group Inc. now owns 205,327 shares of the real estate investment trust’s stock valued at $12,911,000 after acquiring an additional 791 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Several analysts recently commented on the company. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and raised their target price for the company from $82.00 to $86.00 in a research report on Friday, March 1st. Wells Fargo & Co cut Kilroy Realty from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $82.00 to $72.00 in a research report on Tuesday, December 11th. Finally, Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $81.00 in a research report on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Kilroy Realty has a consensus rating of “Buy” and a consensus target price of $79.86.
Shares of KRC stock opened at $76.10 on Friday. Kilroy Realty Corp has a 1 year low of $59.05 and a 1 year high of $77.73. The firm has a market cap of $7.70 billion, a PE ratio of 21.87, a PEG ratio of 2.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.22 and a current ratio of 1.22.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.11). Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The firm had revenue of $190.80 million for the quarter, compared to analyst estimates of $185.19 million. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Kilroy Realty Corp will post 3.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is presently 52.30%.
In other news, CFO Tyler H. Rose sold 20,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the completion of the sale, the chief financial officer now directly owns 125,132 shares of the company’s stock, valued at approximately $9,080,829.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward F. Brennan sold 3,843 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $74.73, for a total value of $287,187.39. Following the sale, the director now directly owns 18,513 shares of the company’s stock, valued at $1,383,476.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,799 shares of company stock worth $4,382,528. 2.22% of the stock is owned by insiders.
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Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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