AlphaQuest LLC Boosts Position in Kilroy Realty Corporation $KRC

AlphaQuest LLC raised its stake in Kilroy Realty Corporation (NYSE:KRC) by 1,483.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,733 shares of the real estate investment trust’s stock after buying an additional 81,257 shares during the period. AlphaQuest LLC owned about 0.07% of Kilroy Realty worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Kilroy Realty in the second quarter valued at approximately $310,746,000. State Street Corp lifted its holdings in shares of Kilroy Realty by 1.2% in the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock worth $203,514,000 after buying an additional 67,546 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Kilroy Realty by 168.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock worth $122,246,000 after buying an additional 2,236,539 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kilroy Realty by 0.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,225,306 shares of the real estate investment trust’s stock valued at $76,350,000 after buying an additional 8,515 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Kilroy Realty by 0.5% during the second quarter. Geode Capital Management LLC now owns 2,182,538 shares of the real estate investment trust’s stock valued at $74,893,000 after buying an additional 10,169 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRC. Barclays set a $39.00 price objective on shares of Kilroy Realty in a research note on Tuesday, January 13th. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $45.00 in a research report on Monday, October 13th. KeyCorp reissued a “sector weight” rating on shares of Kilroy Realty in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $35.00 price objective on shares of Kilroy Realty in a research note on Tuesday, January 6th. Finally, Scotiabank dropped their target price on Kilroy Realty from $47.00 to $42.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.92.

Kilroy Realty Trading Up 0.4%

NYSE:KRC opened at $34.48 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $38.98 and a 200-day simple moving average of $40.03. The company has a market capitalization of $4.08 billion, a P/E ratio of 12.72 and a beta of 1.10. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $45.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The firm had revenue of $279.74 million during the quarter, compared to analysts’ expectations of $271.24 million. During the same period last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.3%. Kilroy Realty’s dividend payout ratio is currently 79.70%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.