5 Value Stocks in Blackstone Group’s Portfolio

In this article, we discuss 5 value stocks in Blackstone Group’s portfolio. If you want our detailed analysis of these stocks, go directly to 10 Value Stocks in Blackstone Group’s Portfolio. 

5. Kilroy Realty Corporation (NYSE:KRC)

Number of Hedge Fund Holders: 24

P/E Ratio: 13.30

Kilroy Realty Corporation (NYSE:KRC) is a real estate investment trust which develops business properties across San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. Blackstone Group owns 519,761 shares of Kilroy Realty Corporation (NYSE:KRC), worth $34.5 million, representing 0.08% of the fund’s total 13F securities.

Kilroy Realty Corporation (NYSE:KRC) on February 8 declared a per share quarterly dividend of $0.52, in line with previous. The dividend is payable on April 13, to shareholders of record on March 31. 

On January 31, the company reported its guidance for 2022, announcing a FFO per share of $4.35-$4.55 with a midpoint of $4.45 per share, better than the consensus estimate of $4.34 per share. Assumptions for the year include $200 million to $500 million of dispositions, same-store cash net operating income of 4.5%-5.5%, and year-end occupancy of 91.0%-92.0%.

BofA analyst James Feldman upgraded Kilroy Realty Corporation (NYSE:KRC) on February 25 to Buy from Neutral with a price target of $83, up from $82. The stock offers “good value” and improving outlook for demand of CBD in the San Francisco market, the analyst tells investors in a research note. 

According to the Q4 database of Insider Monkey, 24 hedge funds held long positions in Kilroy Realty Corporation (NYSE:KRC), with collective stakes amounting to roughly $370 million. Oaktree Capital Management held the biggest stake in the company, with 1.5 million shares worth $102 million.