Bridgewater Associates LP Buys 33,865 Shares of Kilroy Realty Co. (NYSE:KRC)

Bridgewater Associates LP boosted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 635.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,194 shares of the real estate investment trust’s stock after purchasing an additional 33,865 shares during the quarter. Bridgewater Associates LP’s holdings in Kilroy Realty were worth $2,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Kilroy Realty by 0.9% during the second quarter. Vanguard Group Inc. now owns 16,058,921 shares of the real estate investment trust’s stock valued at $1,118,344,000 after purchasing an additional 147,267 shares in the last quarter. Principal Financial Group Inc. boosted its position in Kilroy Realty by 65.4% during the second quarter. Principal Financial Group Inc. now owns 6,091,746 shares of the real estate investment trust’s stock valued at $424,229,000 after purchasing an additional 2,407,752 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Kilroy Realty by 6.1% during the second quarter. JPMorgan Chase & Co. now owns 2,344,494 shares of the real estate investment trust’s stock valued at $163,270,000 after purchasing an additional 135,753 shares in the last quarter. Boston Partners boosted its position in Kilroy Realty by 2.0% during the second quarter. Boston Partners now owns 2,002,030 shares of the real estate investment trust’s stock valued at $139,416,000 after purchasing an additional 38,553 shares in the last quarter. Finally, Zimmer Partners LP boosted its position in Kilroy Realty by 105.5% during the first quarter. Zimmer Partners LP now owns 1,950,000 shares of the real estate investment trust’s stock valued at $127,979,000 after purchasing an additional 1,001,000 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on KRC shares. Zacks Investment Research upgraded Kilroy Realty from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, October 6th. Evercore ISI reiterated a “buy” rating and issued a $75.00 price target on shares of Kilroy Realty in a research note on Wednesday, September 22nd. Mizuho started coverage on Kilroy Realty in a research note on Wednesday, July 14th. They issued a “neutral” rating and a $71.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Kilroy Realty from a “sell” rating to a “hold” rating and set a $73.00 price target for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Buy” and a consensus price target of $71.45.

Shares of NYSE:KRC opened at $68.94 on Thursday. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.37 and a beta of 0.83. Kilroy Realty Co. has a 52-week low of $45.28 and a 52-week high of $74.05. The business has a 50-day moving average price of $66.62 and a 200-day moving average price of $68.29. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.69.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Tuesday, July 27th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Kilroy Realty had a return on equity of 12.06% and a net margin of 71.92%. As a group, equities analysts anticipate that Kilroy Realty Co. will post 3.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 13th. Investors of record on Thursday, September 30th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.02%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, September 29th. Kilroy Realty’s dividend payout ratio (DPR) is 56.06%.

Kilroy Realty Profile

Kilroy Realty Corp. engages in the development, acquisition, and management of office and mixed-use real estate assets. 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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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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