Blue Trust Inc. Grows Stock Position in Kilroy Realty Co. (NYSE:KRC)

Blue Trust Inc. boosted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 202.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,138 shares of the real estate investment trust’s stock after buying an additional 2,772 shares during the quarter. Blue Trust Inc.’s holdings in Kilroy Realty were worth $160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KRC. Janus Henderson Group PLC increased its stake in Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares during the period. PGGM Investments increased its stake in 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 worth $93,979,000 after purchasing an additional 1,385,692 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares during the period. Sei Investments Co. increased its stake in Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after purchasing an additional 403,807 shares during the period. Finally, BROOKFIELD Corp ON purchased a new stake in Kilroy Realty in the first quarter worth $13,179,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KRC. Wells Fargo & Company reduced their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI increased their price target on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. KeyCorp dropped their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Finally, Scotiabank dropped their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.43.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Trading Down 0.6 %

Shares of NYSE:KRC opened at $41.42 on Monday. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.78. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 23.80 and a beta of 1.04. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $37.95 and a 200-day moving average price of $34.98.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $280.73 million for 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%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 earnings per share. Equities analysts predict that Kilroy Realty Co. will post 4.25 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed 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 5.21%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is currently 124.14%.

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.