Citigroup Inc. raised its holdings in shares of Kilroy Realty Co. (NYSE:KRC – Free Report) by 80.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,946 shares of the real estate investment trust’s stock after buying an additional 37,325 shares during the period. Citigroup Inc. owned about 0.07% of Kilroy Realty worth $2,720,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of Kilroy Realty during the first quarter valued at approximately $589,000. Bank of Montreal Can boosted its position in Kilroy Realty by 11.0% during the 1st quarter. Bank of Montreal Can now owns 19,168 shares of the real estate investment trust’s stock valued at $1,494,000 after buying an additional 1,894 shares during the period. Vanguard Group Inc. grew its holdings in Kilroy Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 16,143,034 shares of the real estate investment trust’s stock worth $1,233,652,000 after acquiring an additional 75,015 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Kilroy Realty by 40.9% in the first quarter. Bridgewater Associates LP now owns 85,527 shares of the real estate investment trust’s stock valued at $6,536,000 after acquiring an additional 24,835 shares during the period. Finally, American International Group Inc. raised its stake in shares of Kilroy Realty by 0.4% during the first quarter. American International Group Inc. now owns 178,064 shares of the real estate investment trust’s stock valued at $13,608,000 after acquiring an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on KRC. StockNews.com initiated coverage on Kilroy Realty in a report on Thursday, August 17th. They set a “hold” rating on the stock. Wells Fargo & Company raised their price target on Kilroy Realty from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 30th. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $47.00 to $38.00 in a research report on Thursday, June 15th. Bank of America cut shares of Kilroy Realty from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 8th. Finally, Citigroup boosted their price target on shares of Kilroy Realty from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, August 10th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $42.92.
Kilroy Realty Price Performance
KRC stock opened at $37.83 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a 50 day moving average price of $34.37 and a 200-day moving average price of $31.88. Kilroy Realty Co. has a 52-week low of $25.99 and a 52-week high of $51.76. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 7.41 and a beta of 0.91.
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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.
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