Quantinno Capital Management LP Purchases 131,198 Shares of Kilroy Realty Co. (NYSE:KRC)

Quantinno Capital Management LP raised its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 58.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 354,668 shares of the real estate investment trust’s stock after purchasing an additional 131,198 shares during the quarter. Quantinno Capital Management LP’s holdings in Kilroy Realty were worth $14,346,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KRC. Nomura Holdings Inc. bought a new position in Kilroy Realty in the fourth quarter worth approximately $1,037,000. Nuveen Asset Management LLC boosted its holdings in Kilroy Realty by 4.2% in the fourth quarter. Nuveen Asset Management LLC now owns 490,078 shares of the real estate investment trust’s stock valued at $19,824,000 after purchasing an additional 19,586 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Kilroy Realty in the fourth quarter valued at $389,000. Millennium Management LLC boosted its stake in shares of Kilroy Realty by 84.7% during the 4th quarter. Millennium Management LLC now owns 952,421 shares of the real estate investment trust’s stock worth $38,525,000 after acquiring an additional 436,866 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Kilroy Realty by 62.8% during the 4th quarter. Lazard Asset Management LLC now owns 64,139 shares of the real estate investment trust’s stock worth $2,593,000 after acquiring an additional 24,734 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Kilroy Realty Price Performance

NYSE:KRC opened at $31.49 on Thursday. The stock has a market cap of $3.72 billion, a P/E ratio of 17.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company has a fifty day moving average price of $32.10 and a 200 day moving average price of $36.38. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million for the quarter, compared to analyst estimates 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 previous year, the company posted $1.11 earnings per share. Analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current 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 issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio is 128.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KRC shares. JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.82.

About Kilroy Realty

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.