LDR Capital Management LLC Takes Position in Kilroy Realty Co. (NYSE:KRC)

LDR Capital Management LLC acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,900 shares of the real estate investment trust’s stock, valued at approximately $453,000. Kilroy Realty makes up 0.3% of LDR Capital Management LLC’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. Norges Bank purchased a new position in Kilroy Realty in the fourth quarter worth about $519,872,000. Resolution Capital Ltd purchased a new position in Kilroy Realty in the fourth quarter worth about $67,860,000. BlackRock Inc. grew its position in Kilroy Realty by 8.9% in the fourth quarter. BlackRock Inc. now owns 13,472,484 shares of the real estate investment trust’s stock worth $773,320,000 after acquiring an additional 1,101,038 shares in the last quarter. Morgan Stanley grew its position in Kilroy Realty by 199.4% in the fourth quarter. Morgan Stanley now owns 1,612,611 shares of the real estate investment trust’s stock worth $92,564,000 after acquiring an additional 1,074,050 shares in the last quarter. Finally, PGGM Investments grew its position in Kilroy Realty by 16.2% in the fourth quarter. PGGM Investments now owns 7,570,061 shares of the real estate investment trust’s stock worth $434,522,000 after acquiring an additional 1,055,251 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

Several research analysts recently commented on KRC shares. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Monday, April 19th. Scotiabank upgraded Kilroy Realty from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $57.00 to $67.00 in a research report on Monday, January 25th. BMO Capital Markets boosted their target price on Kilroy Realty from $75.00 to $79.00 and gave the company an “outperform” rating in a research report on Monday, April 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Kilroy Realty from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Monday, April 19th. Finally, Mizuho boosted their target price on Kilroy Realty from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, April 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $62.91.

In related news, insider A. Robert Paratte sold 23,595 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $68.14, for a total value of $1,607,763.30. Following the completion of the transaction, the insider now owns 21,187 shares of the company’s stock, valued at $1,443,682.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Tyler H. Rose sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $68.31, for a total transaction of $683,100.00. Following the completion of the transaction, the president now directly owns 153,455 shares of the company’s stock, valued at approximately $10,482,511.05. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Kilroy Realty stock opened at $66.75 on Monday. The company has a 50 day moving average price of $67.42 and a 200-day moving average price of $61.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.74 and a current ratio of 2.74. Kilroy Realty Co. has a fifty-two week low of $45.28 and a fifty-two week high of $70.54. The company has a market capitalization of $7.77 billion, a PE ratio of 40.95, a P/E/G ratio of 2.86 and a beta of 0.91.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.63). Kilroy Realty had a net margin of 20.35% and a return on equity of 3.56%. The company had revenue of $235.65 million for the quarter, compared to the consensus estimate of $239.10 million. During the same period in the prior year, the firm posted $1.00 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Kilroy Realty Co. will post 3.74 earnings per share for the current year.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) 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.

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

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