Headlands Technologies LLC Takes $46,000 Position in Kilroy Realty Co. (NYSE:KRC)

Headlands Technologies LLC acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,484 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in shares of Kilroy Realty by 6.4% in the fourth quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 295 shares in the last quarter. Wiser Advisor Group LLC grew its position in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Kilroy Realty by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock worth $2,444,000 after purchasing an additional 349 shares during the period. Ballentine Partners LLC lifted its position in shares of Kilroy Realty by 2.7% during the first quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 438 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Kilroy Realty by 0.3% in the first quarter. New York State Teachers Retirement System now owns 150,996 shares of the real estate investment trust’s stock valued at $5,501,000 after purchasing an additional 501 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KRC shares. Evercore ISI upped their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday. KeyCorp reduced their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company lowered their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Scotiabank reduced their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.40.

Kilroy Realty Price Performance

Shares of KRC opened at $38.48 on Wednesday. The firm has a 50-day simple moving average of $35.04 and a 200-day simple moving average of $34.16. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

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

Kilroy Realty Company 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.