Kilroy Realty Co. (NYSE:KRC) Holdings Increased by Resolution Capital Ltd

Resolution Capital Ltd grew its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 12.6% in the fourth quarter, Holdings Channel reports. The firm owned 4,487,655 shares of the real estate investment trust’s stock after acquiring an additional 500,635 shares during the period. Kilroy Realty accounts for approximately 3.3% of Resolution Capital Ltd’s holdings, making the stock its 10th largest position. Resolution Capital Ltd’s holdings in Kilroy Realty were worth $181,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA lifted its holdings in Kilroy Realty by 4.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 1,747 shares in the last quarter. US Bancorp DE increased its position in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 317 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Kilroy Realty by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust’s stock worth $6,376,000 after acquiring an additional 956 shares during the period. HF Advisory Group LLC raised its stake in shares of Kilroy Realty by 39.2% during the fourth quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust’s stock valued at $1,579,000 after acquiring an additional 10,985 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Kilroy Realty by 29.3% in the fourth quarter. Blue Trust Inc. now owns 5,350 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 1,212 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Down 0.8%

NYSE:KRC opened at $31.49 on Thursday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.79 and a beta of 1.16. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $32.10 and a 200 day moving average of $36.38.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $270.84 million for the quarter, compared to analysts’ expectations of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

Analyst Ratings Changes

KRC has been the topic of several research reports. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada dropped their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $43.00 to $35.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.82.

Insiders Place Their Bets

In other news, CEO Angela M. Aman bought 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This trade represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty 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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.