Handelsbanken Fonder AB Buys 5,000 Shares of Kilroy Realty Co. (NYSE:KRC)

Handelsbanken Fonder AB increased its stake in Kilroy Realty Co. (NYSE:KRC) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,274 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kilroy Realty were worth $1,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Centersquare Investment Management LLC grew its position in shares of Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after acquiring an additional 24,855 shares during the period. Sei Investments Co. increased its position in Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Kilroy Realty by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock valued at $4,885,000 after buying an additional 33,857 shares during the period. PGGM Investments lifted its position in shares of Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after buying an additional 1,385,692 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Kilroy Realty during the 1st quarter worth approximately $5,811,000. 94.22% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP John Osmond sold 2,628 shares of the 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 completion of the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty 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 sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Up 2.2 %

NYSE KRC opened at $38.89 on Friday. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 22.35 and a beta of 1.04. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $36.18 and a 200-day moving average of $34.52.

Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts expect that Kilroy Realty Co. will post 4.26 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.55%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on KRC. KeyCorp cut their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Wells Fargo & Company cut their target price on shares of 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 upped their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank reduced their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.40.

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.