Trade Report: The Kilroy Realty Corp. (KRC) Stake Held by Pensionfund Sabic

The Kilroy Realty Corp. (KRC) Stake Held by Pensionfund Sabic

Pensionfund Sabic continued to hold its position in shares of Kilroy Realty Corp. (NYSE:KRC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,000 shares of the real estate investment trust’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in Kilroy Realty Corp. were worth $277,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 371 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Kilroy Realty Corp. by 33.1% in the second quarter. Advisors Asset Management Inc. now owns 3,195 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 795 shares during the period. BB&T Securities LLC acquired a new position in shares of Kilroy Realty Corp. during the second quarter worth $217,000. Nuveen Fund Advisors LLC acquired a new position in shares of Kilroy Realty Corp. during the second quarter worth $220,000. Finally, Timber Hill LLC acquired a new position in shares of Kilroy Realty Corp. during the second quarter worth $235,000.

Shares of Kilroy Realty Corp. (NYSE:KRC) traded down 0.37% during mid-day trading on Friday, reaching $73.04. The company had a trading volume of 442,072 shares. The stock’s 50-day moving average price is $70.31 and its 200 day moving average price is $68.36. The company has a market capitalization of $6.74 billion, a PE ratio of 24.74 and a beta of 0.82. Kilroy Realty Corp. has a 1-year low of $46.76 and a 1-year high of $74.17.

Kilroy Realty Corp. (NYSE:KRC) last issued its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Kilroy Realty Corp. had a return on equity of 8.94% and a net margin of 46.62%. The firm earned $168.30 million during the quarter, compared to analysts’ expectations of $144.06 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities analysts expect that Kilroy Realty Corp. will post $3.45 EPS for the current year.

A number of equities analysts have weighed in on KRC shares. Bank of America Corp. raised Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Friday, October 14th. BTIG Research started coverage on Kilroy Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $80.00 target price for the company. Robert W. Baird reissued an “outperform” rating and issued a $78.00 target price on shares of Kilroy Realty Corp. in a research report on Friday, August 26th. Zacks Investment Research raised Kilroy Realty Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Wednesday, November 16th. Finally, Stifel Nicolaus boosted their target price on Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $76.42.

About Kilroy Realty Corp.

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.

Related posts

Leave a Comment