Trade Report: Today, Public Employees Retirement Association of Colorado Cuts Stake in Kilroy Realty Corp. (KRC)

Today, Public Employees Retirement Association of Colorado Cuts Stake in Kilroy Realty Corp. (KRC)

Public Employees Retirement Association of Colorado decreased its stake in Kilroy Realty Corp. (NYSE:KRC) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,368 shares of the real estate investment trust’s stock after selling 1,142 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Kilroy Realty Corp. were worth $1,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in Kilroy Realty Corp. by 3.5% in the third quarter. Mutual of America Capital Management LLC now owns 90,002 shares of the real estate investment trust’s stock valued at $6,242,000 after buying an additional 3,041 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Kilroy Realty Corp. by 27.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 22,771 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 4,962 shares during the last quarter. Advisors Asset Management Inc. raised its position in Kilroy Realty Corp. by 170.7% in the third quarter. Advisors Asset Management Inc. now owns 8,648 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 5,453 shares during the last quarter. Wells Fargo & Company MN raised its position in Kilroy Realty Corp. by 0.6% in the third quarter. Wells Fargo & Company MN now owns 145,279 shares of the real estate investment trust’s stock valued at $10,075,000 after buying an additional 924 shares during the last quarter. Finally, Kissinger Financial Services LLC purchased a new position in Kilroy Realty Corp. during the third quarter valued at approximately $1,038,000.

Shares of Kilroy Realty Corp. (NYSE:KRC) remained flat at $73.04 during trading on Monday. The stock had a trading volume of 728,261 shares. The stock has a market cap of $6.74 billion, a P/E ratio of 24.74 and a beta of 0.82. The company has a 50-day moving average price of $70.48 and a 200-day moving average price of $68.48. Kilroy Realty Corp. has a 12 month low of $46.76 and a 12 month high of $74.17.

Kilroy Realty Corp. (NYSE:KRC) last issued its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $168.30 million during the quarter, compared to the consensus estimate of $144.06 million. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities research analysts predict that Kilroy Realty Corp. will post $3.45 earnings per share for the current fiscal year.

Several research firms have commented on KRC. Evercore ISI lowered shares of Kilroy Realty Corp. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $77.00 to $76.00 in a research note on Monday. Zacks Investment Research lowered shares of Kilroy Realty Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Bank of America Corp. raised shares of Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Friday, October 14th. Stifel Nicolaus boosted their target price on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 1st. Finally, Robert W. Baird reissued an “outperform” rating and set a $78.00 target price on shares of Kilroy Realty Corp. in a research note on Friday, August 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $76.50.

Kilroy Realty Corp. Company Profile

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.

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