Victory Capital Management Inc. Grows Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Victory Capital Management Inc. increased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,185 shares of the real estate investment trust’s stock after buying an additional 3,471 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Kilroy Realty worth $3,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Kilroy Realty in the 4th quarter valued at approximately $397,000. Principal Securities Inc. purchased a new stake in Kilroy Realty in the 4th quarter valued at approximately $33,000. Dimensional Fund Advisors LP boosted its holdings in Kilroy Realty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,631,938 shares of the real estate investment trust’s stock valued at $65,019,000 after purchasing an additional 12,936 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Kilroy Realty by 22.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 180,000 shares of the real estate investment trust’s stock valued at $7,171,000 after acquiring an additional 33,000 shares during the period. Finally, Norges Bank acquired a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $360,831,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KRC. Evercore ISI lifted their price objective on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday. Scotiabank cut their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. KeyCorp cut their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Finally, Wells Fargo & Company cut their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and a consensus price target of $38.40.

Kilroy Realty Stock Performance

NYSE KRC opened at $37.96 on Tuesday. The firm has a 50-day moving average of $34.92 and a 200-day moving average of $34.14. 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 stock has a market cap of $4.46 billion, a PE ratio of 21.82 and a beta of 1.04. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.37.

Kilroy Realty (NYSE:KRC) last released its earnings results 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 firm had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same period in the prior year, the business earned $1.19 earnings per share. Kilroy Realty’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current 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.