Barings LLC Acquires 63,851 Shares of Kilroy Realty Corp (NYSE:KRC)

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Barings LLC grew its position in shares of Kilroy Realty Corp (NYSE:KRC) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 682,891 shares of the real estate investment trust’s stock after buying an additional 63,851 shares during the quarter. Kilroy Realty accounts for approximately 0.7% of Barings LLC’s investment portfolio, making the stock its 21st biggest holding. Barings LLC owned 0.68% of Kilroy Realty worth $48,956,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KRC. Millennium Management LLC bought a new position in Kilroy Realty in the second quarter worth about $11,726,000. Point72 Hong Kong Ltd purchased a new stake in Kilroy Realty in the second quarter worth about $348,000. BlackRock Inc. grew its holdings in Kilroy Realty by 0.6% in the second quarter. BlackRock Inc. now owns 11,717,544 shares of the real estate investment trust’s stock worth $886,315,000 after purchasing an additional 69,048 shares during the period. Stevens Capital Management LP purchased a new stake in Kilroy Realty in the second quarter worth about $4,570,000. Finally, Bridgewater Associates LP grew its holdings in Kilroy Realty by 15.5% in the second quarter. Bridgewater Associates LP now owns 12,417 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 1,664 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

KRC remained flat at $$70.74 during trading on Friday. 872,944 shares of the company traded hands, compared to its average volume of 679,895. The stock has a market capitalization of $7.12 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.69 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 quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The business had revenue of $186.56 million during the quarter, compared to analysts’ expectations of $183.32 million. On average, analysts anticipate that Kilroy Realty Corp will post 3.6 earnings per share for the current year.

The company also recently declared 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. The ex-dividend date was Thursday, September 27th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.57%. Kilroy Realty’s dividend payout ratio is presently 53.53%.

A number of equities research analysts have recently commented on KRC shares. Zacks Investment Research cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Scotiabank started coverage on shares of Kilroy Realty in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. JPMorgan Chase & Co. upgraded 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 company a “hold” rating in a report on Wednesday, August 29th. Finally, Robert W. Baird restated a “hold” rating and set a $78.00 price objective on shares of Kilroy Realty in a research report on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $78.14.

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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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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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