NN Investment Partners Holdings N.V. bought a new stake in Kilroy Realty Corp (NYSE:KRC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,922 shares of the real estate investment trust’s stock, valued at approximately $281,000.
Several other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Kilroy Realty by 59.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 17,084 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 6,378 shares during the last quarter. Barings LLC raised its holdings in shares of Kilroy Realty by 10.3% in the third quarter. Barings LLC now owns 682,891 shares of the real estate investment trust’s stock valued at $48,956,000 after buying an additional 63,851 shares during the last quarter. State Treasurer State of Michigan raised its holdings in Kilroy Realty by 2.2% during the third quarter. State Treasurer State of Michigan now owns 37,200 shares of the real estate investment trust’s stock worth $2,667,000 after purchasing an additional 800 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Kilroy Realty by 38.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 132,000 shares of the real estate investment trust’s stock worth $9,463,000 after purchasing an additional 37,000 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Kilroy Realty by 14.5% during the third quarter. First Trust Advisors LP now owns 28,565 shares of the real estate investment trust’s stock worth $2,048,000 after purchasing an additional 3,611 shares in the last quarter. 96.75% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Scotiabank assumed coverage on shares of Kilroy Realty in a report on Tuesday, October 16th. They set a “sector perform” rating for the company. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. Deutsche Bank increased their price target on shares of Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. Finally, Robert W. Baird reissued a “hold” rating and set a $78.00 price target on shares of Kilroy Realty in a report on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.14.
NYSE KRC opened at $70.67 on Thursday. The stock has a market cap of $6.99 billion, a P/E ratio of 20.79, a PEG ratio of 2.64 and a beta of 0.63. Kilroy Realty Corp has a 52-week low of $62.91 and a 52-week high of $77.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.
Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $186.56 million during the quarter, compared to analysts’ expectations of $183.32 million. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. As a group, sell-side analysts predict that Kilroy Realty Corp will post 3.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, September 27th. Kilroy Realty’s payout ratio is currently 53.53%.
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About Kilroy Realty
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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