Nordea Investment Management AB Has $8.45 Million Position in Kilroy Realty Co. (NYSE:KRC)
Nordea Investment Management AB boosted its stake in shares of Kilroy Realty Co. (NYSE:KRC – Get Rating) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,318 shares of the real estate investment trust’s stock after purchasing an additional 2,763 shares during the period. Nordea Investment Management AB’s holdings in Kilroy Realty were worth $8,449,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Kilroy Realty during the fourth quarter valued at approximately $601,929,000. Principal Financial Group Inc. boosted its position in Kilroy Realty by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,489,461 shares of the real estate investment trust’s stock valued at $431,270,000 after purchasing an additional 215,712 shares during the last quarter. State Street Corp boosted its position in Kilroy Realty by 7.4% during the fourth quarter. State Street Corp now owns 5,363,052 shares of the real estate investment trust’s stock valued at $359,189,000 after purchasing an additional 368,655 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Kilroy Realty by 12.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,538,753 shares of the real estate investment trust’s stock valued at $235,186,000 after purchasing an additional 401,052 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Kilroy Realty by 19.8% during the fourth quarter. Centersquare Investment Management LLC now owns 2,848,415 shares of the real estate investment trust’s stock valued at $189,305,000 after purchasing an additional 470,569 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.
In other Kilroy Realty news, EVP John Osmond sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $60.08, for a total transaction of $60,080.00. Following the transaction, the executive vice president now owns 11,749 shares in the company, valued at approximately $705,879.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.95% of the stock is owned by company insiders.
Shares of NYSE KRC opened at $54.24 on Friday. The firm has a market cap of $6.33 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.72. Kilroy Realty Co. has a 1-year low of $49.17 and a 1-year high of $79.06. The business’s 50 day moving average is $62.21 and its 200-day moving average is $67.32.
Kilroy Realty (NYSE:KRC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Kilroy Realty had a return on equity of 3.23% and a net margin of 18.65%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $257.03 million. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Analysts forecast that Kilroy Realty Co. will post 4.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, June 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.83%. Kilroy Realty’s dividend payout ratio (DPR) is presently 134.19%.
Several research analysts recently commented on KRC shares. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price target for the company from $82.00 to $83.00 in a research report on Friday, February 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Kilroy Realty from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 14th. StockNews.com assumed coverage on Kilroy Realty in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group assumed coverage on Kilroy Realty in a research report on Wednesday. They issued an “underperform” rating and a $48.00 price objective for the company. Finally, BMO Capital Markets cut Kilroy Realty from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $84.00 to $70.00 in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.22.
Kilroy Realty Company Profile (Get Rating)
Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
Further Reading
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