RVB Capital Management LLC cut its position in Kilroy Realty Corp (NYSE:KRC) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,000 shares of the real estate investment trust’s stock after selling 35,000 shares during the period. Kilroy Realty accounts for about 2.6% of RVB Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. RVB Capital Management LLC owned 0.07% of Kilroy Realty worth $5,295,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. TLP Group LLC raised its stake in shares of Kilroy Realty by 2,913.4% in the first quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 2,826 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Kilroy Realty in the first quarter worth about $221,000. Signition LP bought a new position in shares of Kilroy Realty in the first quarter worth about $259,000. Clinton Group Inc. bought a new position in shares of Kilroy Realty in the second quarter worth about $289,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Kilroy Realty in the second quarter worth about $391,000. Hedge funds and other institutional investors own 96.77% of the company’s stock.
KRC opened at $71.47 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.69. The company has a market cap of $7.36 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. Kilroy Realty Corp has a fifty-two week low of $62.91 and a fifty-two week high of $77.73.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.63). The business 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 quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. equities research analysts anticipate that Kilroy Realty Corp will post 3.58 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on KRC shares. TheStreet raised shares of Kilroy Realty from a “c+” rating to a “b-” rating in a research note on Thursday, May 10th. Deutsche Bank boosted their target price on shares of Kilroy Realty from $75.00 to $81.00 and gave the stock a “hold” rating in a research note on Tuesday, June 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $78.00 target price on shares of Kilroy Realty in a research note on Wednesday, August 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $77.13.
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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