Virginia Retirement Systems ET AL decreased its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 27.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 99,700 shares of the real estate investment trust’s stock after selling 38,200 shares during the period. Virginia Retirement Systems ET AL owned 0.10% of Kilroy Realty Corporation worth $7,492,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Kilroy Realty Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock valued at $1,076,904,000 after buying an additional 799,701 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kilroy Realty Corporation by 4,354.2% in the first quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock valued at $803,452,000 after buying an additional 10,896,443 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Kilroy Realty Corporation by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 4,678,028 shares of the real estate investment trust’s stock valued at $351,554,000 after buying an additional 285,640 shares in the last quarter. State Street Corp boosted its position in shares of Kilroy Realty Corporation by 6.6% in the first quarter. State Street Corp now owns 4,251,871 shares of the real estate investment trust’s stock valued at $306,475,000 after buying an additional 263,601 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Kilroy Realty Corporation by 2.5% in the first quarter. Principal Financial Group Inc. now owns 3,381,723 shares of the real estate investment trust’s stock valued at $243,804,000 after buying an additional 81,047 shares in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Corporation (NYSE:KRC) opened at 68.85 on Friday. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The company’s 50-day moving average is $70.63 and its 200 day moving average is $72.99. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 50.04 and a beta of 0.74.

Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities analysts forecast that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.

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Several research analysts have commented on KRC shares. BidaskClub cut shares of Kilroy Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Bank of America Corporation cut shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $77.00 in a report on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Finally, Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Monday, August 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.89.

In related news, insider Justin William Smart sold 10,000 shares of Kilroy Realty Corporation stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total transaction of $766,600.00. Following the transaction, the insider now owns 93,017 shares of the company’s stock, valued at $7,130,683.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.28% of the stock is owned by insiders.

About Kilroy Realty Corporation

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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

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