Alps Advisors Inc. trimmed its position in Kilroy Realty Corp (NYSE:KRC) by 5.7% in the first quarter, HoldingsChannel.com reports. The firm owned 5,657 shares of the real estate investment trust’s stock after selling 345 shares during the period. Alps Advisors Inc.’s holdings in Kilroy Realty were worth $430,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of Kilroy Realty during the 4th quarter worth about $571,000. Robeco Institutional Asset Management B.V. grew its position in shares of Kilroy Realty by 6.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 140,000 shares of the real estate investment trust’s stock worth $8,803,000 after buying an additional 8,000 shares during the period. Bowling Portfolio Management LLC acquired a new position in shares of Kilroy Realty during the 4th quarter worth about $581,000. Crestline Management LP grew its position in shares of Kilroy Realty by 217.5% during the 4th quarter. Crestline Management LP now owns 193,739 shares of the real estate investment trust’s stock worth $12,182,000 after buying an additional 132,718 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Kilroy Realty by 8.3% during the 4th quarter. California Public Employees Retirement System now owns 179,896 shares of the real estate investment trust’s stock worth $11,312,000 after buying an additional 13,763 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Several equities analysts have recently issued reports on KRC shares. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $86.00 in a research report on Friday, March 1st. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $81.00 in a research report on Monday, March 11th. ValuEngine upgraded Kilroy Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, Deutsche Bank lifted their price objective on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $80.60.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.56). Kilroy Realty had a net margin of 33.84% and a return on equity of 6.27%. The business had revenue of $201.20 million for the quarter, compared to the consensus estimate of $190.73 million. During the same quarter last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Kilroy Realty Corp will post 3.7 EPS for the current fiscal year.
In other Kilroy Realty news, insider Heidi Rena Roth sold 5,440 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $74.95, for a total value of $407,728.00. Following the sale, the insider now owns 38,850 shares in the company, valued at approximately $2,911,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward F. Brennan sold 3,843 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $74.73, for a total value of $287,187.39. Following the completion of the sale, the director now owns 18,513 shares in the company, valued at approximately $1,383,476.49. The disclosure for this sale can be found here. Insiders have sold a total of 44,799 shares of company stock worth $3,314,678 in the last quarter. 2.26% of the stock is currently owned by company insiders.
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Kilroy Realty 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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