December 1, 2016 - By Marguerite Chambers · 0 Comments
Kilroy Realty Corp (NYSE:KRC) institutional sentiment decreased to 1.21 in Q2 2016. Its down -0.11, from 1.32 in 2016Q1. The ratio dived, as 121 institutional investors increased and opened new stock positions, while 92 sold and decreased equity positions in Kilroy Realty Corp. The institutional investors in our partner’s database now possess: 98.54 million shares, down from 98.72 million shares in 2016Q1. Also, the number of institutional investors holding Kilroy Realty Corp in their top 10 stock positions increased from 4 to 5 for an increase of 1. Sold All: 21 Reduced: 71 Increased: 91 New Position: 30.
Kilroy Realty Corporation is a self-administered real estate investment trust . The company has a market cap of $6.56 billion. The Firm focuses on office submarkets in the West Coast. It has a 24.56 P/E ratio. The Firm owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
About 132,951 shares traded hands. Kilroy Realty Corp (NYSE:KRC) has risen 10.61% since April 28, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.
Analysts await Kilroy Realty Corp (NYSE:KRC) to report earnings on February, 6. They expect $0.87 EPS, up 8.75% or $0.07 from last year’s $0.8 per share. KRC’s profit will be $78.83M for 20.80 P/E if the $0.87 EPS becomes a reality. After $0.92 actual EPS reported by Kilroy Realty Corp for the previous quarter, Wall Street now forecasts -5.43% negative EPS growth.
According to Zacks Investment Research, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space.”
Resolution Capital Ltd holds 5.74% of its portfolio in Kilroy Realty Corp for 1.32 million shares. Adelante Capital Management Llc owns 1.13 million shares or 3.45% of their US portfolio. Moreover, Cohen & Steers Inc has 2.54% invested in the company for 14.69 million shares. The Connecticut-based Cornerstone Real Estate Advisers Llc has invested 2.52% in the stock. Owl Creek Asset Management L.P., a New York-based fund reported 577,330 shares.#img1#
Ratings analysis reveals 64% of Kilroy Realty’s analysts are positive. Out of 11 Wall Street analysts rating Kilroy Realty, 7 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $61 while the high is $80.0. The stock’s average target of $73.35 is 1.31% above today’s ($72.4) share price. KRC was included in 20 notes of analysts from July 31, 2015. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, January 7 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, April 29. The firm has “Underperform” rating given on Wednesday, October 21 by Bank of America. The rating was upgraded by BMO Capital Markets on Friday, April 15 to “Outperform”. Bank of America upgraded the shares of KRC in a report on Friday, October 14 to “Buy” rating. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, September 10. On Monday, May 2 the stock rating was maintained by Deutsche Bank with “Buy”. As per Monday, March 7, the company rating was downgraded by Argus Research. As per Monday, November 28, the company rating was downgraded by Evercore. As per Friday, July 31, the company rating was downgraded by Credit Suisse.
Kilroy Realty Corporation, incorporated on September 13, 1996, is a self-administered real estate investment trust (REIT). The Firm focuses on office submarkets in the West Coast. The Firm owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle. It operates in the office properties segment. The Firm owns its interests in all of its real estate assets through Kilroy Realty, L.P. (the Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). The Firm conducts all of its activities through the Operating Partnership.
More news for Kilroy Realty Corp (NYSE:KRC) were recently published by: Businesswire.com, which released: “Tracy Murphy Joins Kilroy Realty Corporation as Executive Vice President” on May 31, 2016. Businesswire.com‘s article titled: “Kilroy Realty Corporation Earns Two Green Lease Leaders Team Transaction Awards” and published on July 01, 2016 is yet another important article.
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By Marguerite Chambers