Sarasin Partners Llp buys $6,954,842 stake in Kilroy Realty Corp (KRC)

Kilroy Realty Corp (KRC) : Sarasin Partners Llp scooped up 2,221 additional shares in Kilroy Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 99,199 shares of Kilroy Realty Corp which is valued at $6,954,842.Kilroy Realty Corp makes up approximately 0.11% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in KRC in the latest quarter, The investment management firm added 153,318 additional shares and now holds a total of 1,305,251 shares of Kilroy Realty Corp which is valued at $91,511,148. Kilroy Realty Corp makes up approx 1.32% of Duff Phelps Investment Management Co’s portfolio.Legal General Group Plc boosted its stake in KRC in the latest quarter, The investment management firm added 12,370 additional shares and now holds a total of 228,942 shares of Kilroy Realty Corp which is valued at $15,568,056. Kilroy Realty Corp makes up approx 0.02% of Legal General Group Plc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in KRC in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 32,123 shares of Kilroy Realty Corp which is valued at $2,193,358. Kilroy Realty Corp makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KRC by selling 29,668 shares or 59.02% in the most recent quarter. The Hedge Fund company now holds 20,600 shares of KRC which is valued at $1,374,638. Kilroy Realty Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added KRC to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $667.

Kilroy Realty Corp opened for trading at $70.41 and hit $71.12 on the upside on Friday, eventually ending the session at $70.11, with a gain of 0.76% or 0.53 points. The heightened volatility saw the trading volume jump to 8,60,074 shares. Company has a market cap of $6,468 M.

On the company’s financial health, Kilroy Realty Corp reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.85. The company had revenue of $160.10 million for the quarter, compared to analysts expectations of $151.64 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on Kilroy Realty Corp. Kilroy Realty Corp was Upgraded by BofA/Merrill to ” Buy” on Oct 14, 2016. Company shares were Reiterated by Stifel on Sep 1, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Company shares were Reiterated by DA Davidson on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 78 from a previous price target of $70 .

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT) that 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 Seattle. Its stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction lease-up properties undeveloped land and real estate assets held for sale. Its stabilized portfolio consists of 111 office properties which has approximately 14 million rentable square feet. It 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). It conducts substantially all of its operations through the Operating Partnership.

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