Jane Street Group LLC increased its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 491.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,269 shares of the real estate investment trust’s stock after purchasing an additional 27,642 shares during the quarter. Jane Street Group LLC’s holdings in Kilroy Realty were worth $2,516,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. Advisors Asset Management Inc. boosted its stake in Kilroy Realty by 47.8% in the second quarter. Advisors Asset Management Inc. now owns 18,003 shares of the real estate investment trust’s stock valued at $958,000 after acquiring an additional 5,819 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Kilroy Realty in the second quarter valued at approximately $280,000. Millennium Management LLC bought a new position in Kilroy Realty in the second quarter valued at approximately $11,726,000. Tower Research Capital LLC TRC boosted its stake in Kilroy Realty by 75.6% in the second quarter. Tower Research Capital LLC TRC now owns 14,279 shares of the real estate investment trust’s stock valued at $1,080,000 after acquiring an additional 6,149 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Kilroy Realty in the second quarter valued at approximately $1,540,000. 96.57% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Deutsche Bank raised their price objective on shares of Kilroy Realty from $75.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Kilroy Realty in a research note on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $78.14.
Shares of NYSE KRC opened at $69.67 on Thursday. The firm has a market cap of $7.03 billion, a PE ratio of 19.79, a PEG ratio of 2.63 and a beta of 0.66. Kilroy Realty Corp has a twelve month low of $62.91 and a twelve month high of $77.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The firm had revenue of $187.10 million for the quarter, compared to the consensus estimate of $182.30 million. Kilroy Realty had a return on equity of 4.12% and a net margin of 22.42%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. equities analysts anticipate that Kilroy Realty Corp will post 3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th will be given a dividend of $0.455 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.61%. Kilroy Realty’s dividend payout ratio is 53.53%.
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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