Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC grew its position in shares of Kilroy Realty Co. (NYSE:KRC) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,733 shares of the real estate investment trust’s stock after acquiring an additional 1,394 shares during the quarter. Ballentine Partners LLC’s holdings in Kilroy Realty were worth $725,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centersquare Investment Management LLC boosted its holdings in shares of Kilroy Realty by 1.0% during the first 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. boosted its holdings in shares of 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 valued at $25,266,000 after acquiring an additional 403,807 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Kilroy Realty by 33.8% during 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 acquiring an additional 33,857 shares during the period. PGGM Investments boosted its holdings in shares of Kilroy Realty by 85.0% during 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 acquiring an additional 1,385,692 shares during the period. Finally, Swedbank AB acquired a new position in shares of Kilroy Realty during the first quarter valued at $5,811,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $41.42 on Friday. Kilroy Realty Co. has a 52 week low of $26.78 and a 52 week high of $43.78. 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 stock has a market cap of $4.86 billion, a PE ratio of 24.65 and a beta of 1.04. The company’s 50-day moving average price is $37.95 and its two-hundred day moving average price is $34.98.

Kilroy Realty (NYSE:KRC) last issued its quarterly 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 business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same period in the previous year, the company posted $1.19 earnings per share. Kilroy Realty’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is 128.57%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the company’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 completion of the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KRC has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Scotiabank reduced their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Evercore ISI upped their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, KeyCorp reduced their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.43.

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.