Texas Permanent School Fund Corp Raises Stake in Kilroy Realty Co. (NYSE:KRC)

Texas Permanent School Fund Corp boosted its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,147 shares of the real estate investment trust’s stock after acquiring an additional 12,706 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Kilroy Realty worth $3,309,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KRC. Choreo LLC purchased a new position in Kilroy Realty in the second quarter worth about $232,000. Quest Partners LLC raised its holdings in Kilroy Realty by 138,837.5% in the second quarter. Quest Partners LLC now owns 55,575 shares of the real estate investment trust’s stock worth $1,732,000 after buying an additional 55,535 shares during the last quarter. LSV Asset Management raised its holdings in Kilroy Realty by 28.6% in the second quarter. LSV Asset Management now owns 636,793 shares of the real estate investment trust’s stock worth $19,849,000 after buying an additional 141,770 shares during the last quarter. Ballentine Partners LLC raised its holdings in Kilroy Realty by 3.2% in the second quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 530 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Kilroy Realty in the second quarter worth approximately $944,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on KRC. Scotiabank reduced their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. KeyCorp cut their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $38.30.

Kilroy Realty Price Performance

KRC stock opened at $36.59 on Friday. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The company’s fifty day moving average price is $34.79 and its 200-day moving average price is $34.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. The company has a market capitalization of $4.30 billion, a PE ratio of 21.03 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same quarter last year, the business earned $1.19 EPS. Kilroy Realty’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.