MQS Management LLC Purchases New Position in Kilroy Realty Co. (NYSE:KRC)

MQS Management LLC purchased a new position in Kilroy Realty Co. (NYSE:KRC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,923 shares of the real estate investment trust’s stock, valued at approximately $247,000.

A number of other hedge funds also recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of Kilroy Realty during the 4th quarter valued at approximately $33,000. Dimensional Fund Advisors LP raised its position in Kilroy Realty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,631,938 shares of the real estate investment trust’s stock worth $65,019,000 after acquiring an additional 12,936 shares during the period. Corient Private Wealth LLC lifted its holdings in Kilroy Realty by 28.4% during the fourth quarter. Corient Private Wealth LLC now owns 23,898 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 5,280 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at about $87,000. Finally, Franklin Resources Inc. grew its position in shares of Kilroy Realty by 232.5% in the fourth quarter. Franklin Resources Inc. now owns 174,271 shares of the real estate investment trust’s stock valued at $6,943,000 after purchasing an additional 121,864 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KRC. Scotiabank decreased their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Evercore ISI lifted their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, KeyCorp reduced their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.40.

Kilroy Realty Stock Down 2.0 %

KRC stock opened at $39.99 on Friday. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The firm has a market cap of $4.69 billion, a PE ratio of 22.98 and a beta of 1.04. The firm’s 50 day moving average price is $35.42 and its 200-day moving average price is $34.26. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, equities research analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

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.