Amalgamated Bank Has $1.46 Million Stake in Kilroy Realty Corp (KRC)
Amalgamated Bank lifted its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 5.9% during the fourth quarter, Holdings Channel reports. The fund owned 19,512 shares of the real estate investment trust’s stock after purchasing an additional 1,095 shares during the quarter. Amalgamated Bank’s holdings in Kilroy Realty were worth $1,457,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Timber Hill LLC purchased a new stake in shares of Kilroy Realty during the third quarter worth about $215,000. Vident Investment Advisory LLC purchased a new stake in shares of Kilroy Realty during the third quarter worth about $235,000. Kemper Corp Master Retirement Trust increased its position in shares of Kilroy Realty by 66.7% during the third quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 1,600 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of Kilroy Realty during the fourth quarter worth about $290,000. Finally, Cadence Capital Management LLC increased its position in shares of Kilroy Realty by 34.2% during the third quarter. Cadence Capital Management LLC now owns 6,986 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 1,779 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on KRC shares. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 target price on shares of Kilroy Realty in a research report on Thursday, February 1st. Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Tuesday, February 27th. They noted that the move was a valuation call. Robert W. Baird set a $75.00 target price on Kilroy Realty and gave the stock a “hold” rating in a research report on Monday, February 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $75.00 target price on shares of Kilroy Realty in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. downgraded Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Kilroy Realty currently has an average rating of “Hold” and an average target price of $76.30.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.85. The business had revenue of $177.56 million during the quarter, compared to the consensus estimate of $176.64 million. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. analysts anticipate that Kilroy Realty Corp will post 3.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.43%. Kilroy Realty’s dividend payout ratio (DPR) is 112.58%.
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Kilroy Realty Profile
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.
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