Kilroy Realty Co. (NYSE:KRC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 1,226.2% during the fourth quarter, HoldingsChannel reports. The firm owned 815,491 shares of the real estate investment trust’s stock after purchasing an additional 753,999 shares during the quarter. Deutsche Bank AG’s holdings in Kilroy Realty were worth $32,987,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in Kilroy Realty during the 4th quarter worth $49,000. Fifth Third Bancorp boosted its position in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares during the last quarter. FIL Ltd grew its stake in shares of Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,184 shares in the last quarter. KBC Group NV grew its stake in shares of Kilroy Realty by 54.2% during the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Kilroy Realty by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 1,963 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KRC has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. JPMorgan Chase & Co. reduced their target price on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.82.

Kilroy Realty Stock Performance

Shares of KRC opened at $31.72 on Wednesday. The stock has a market capitalization of $3.75 billion, a PE ratio of 17.92 and a beta of 1.16. The business’s fifty day moving average price is $32.14 and its 200 day moving average price is $36.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly 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). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The business had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same quarter in the previous year, the business posted $1.11 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.81%. Kilroy Realty’s payout ratio is currently 128.57%.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, 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. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Company 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.