American International Group Inc. lifted its stake in Kilroy Realty Corp (NYSE:KRC) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,536 shares of the real estate investment trust’s stock after purchasing an additional 5,644 shares during the period. American International Group Inc. owned 0.20% of Kilroy Realty worth $14,663,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Kilroy Realty in the 2nd quarter worth about $11,726,000. Point72 Hong Kong Ltd purchased a new stake in shares of Kilroy Realty in the 2nd quarter worth about $348,000. BlackRock Inc. lifted its position in shares of Kilroy Realty by 0.6% in the 2nd 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 shares of Kilroy Realty in the 2nd quarter worth about $4,570,000. Finally, Bridgewater Associates LP lifted its position in shares of Kilroy Realty by 15.5% in the 2nd 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. 99.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Kilroy Realty stock opened at $67.60 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $6.81 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. Kilroy Realty Corp has a 1 year low of $62.91 and a 1 year high of $77.73.
Several research firms have recently commented on KRC. Robert W. Baird reaffirmed a “hold” rating and issued a $78.00 target price on shares of Kilroy Realty in a research report on Wednesday, August 1st. Deutsche Bank raised their target price on shares of Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Finally, Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $80.00 to $82.00 in a research note on Tuesday, November 13th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $78.63.
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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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