Duff & Phelps Investment Management Co. raised its position in shares of Kilroy Realty Corp. (NYSE:KRC) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,305,251 shares of the real estate investment trust’s stock after buying an additional 153,318 shares during the period. Kilroy Realty Corp. accounts for 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 21st largest position. Duff & Phelps Investment Management Co.’s holdings in Kilroy Realty Corp. were worth $90,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc increased its position in Kilroy Realty Corp. by 2.0% in the first quarter. Legal & General Group Plc now owns 191,427 shares of the real estate investment trust’s stock worth $11,842,000 after buying an additional 3,755 shares during the period. Envestnet Asset Management Inc. increased its position in Kilroy Realty Corp. by 18.8% in the first quarter. Envestnet Asset Management Inc. now owns 24,109 shares of the real estate investment trust’s stock worth $1,492,000 after buying an additional 3,818 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Kilroy Realty Corp. by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 88,330 shares of the real estate investment trust’s stock worth $5,465,000 after buying an additional 2,384 shares during the period. Arizona State Retirement System increased its position in Kilroy Realty Corp. by 3.7% in the first quarter. Arizona State Retirement System now owns 47,964 shares of the real estate investment trust’s stock worth $2,968,000 after buying an additional 1,700 shares during the period. Finally, First Republic Investment Management Inc. increased its position in Kilroy Realty Corp. by 4.1% in the first quarter. First Republic Investment Management Inc. now owns 14,203 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 563 shares during the period.

Institutional Ownership by Quarter for Kilroy Realty Corp. (NYSE:KRC)

Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 73.04 on Tuesday. The firm’s 50-day moving average is $70.48 and its 200 day moving average is $68.48. The firm has a market capitalization of $6.74 billion, a PE ratio of 24.74 and a beta of 0.82. Kilroy Realty Corp. has a 52 week low of $46.76 and a 52 week high of $74.17.

Kilroy Realty Corp. (NYSE:KRC) last issued its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $144.06 million. Kilroy Realty Corp. had a net margin of 46.62% and a return on equity of 8.94%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities analysts forecast that Kilroy Realty Corp. will post $3.45 earnings per share for the current year.

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A number of research analysts have commented on KRC shares. BTIG Research started coverage on shares of Kilroy Realty Corp. in a research report on Thursday, August 25th. They set a “buy” rating and a $80.00 target price on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $78.00 price objective on shares of Kilroy Realty Corp. in a research report on Friday, August 26th. Stifel Nicolaus lifted their price objective on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. Bank of America Corp. raised shares of Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, October 14th. Finally, Zacks Investment Research raised shares of Kilroy Realty Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, November 16th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.50.

Kilroy Realty Corp. Company Profile

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company 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.

5 Day Chart for NYSE:KRC

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