Commerce Bank Boosts Stake in Kilroy Realty Co. (NYSE:KRC)

Commerce Bank lifted its holdings in Kilroy Realty Co. (NYSE:KRC) by 3.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,574 shares of the real estate investment trust’s stock after acquiring an additional 342 shares during the quarter. Commerce Bank’s holdings in Kilroy Realty were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. PGGM Investments grew its stake in Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares during the period. Dimensional Fund Advisors LP grew its position in Kilroy Realty by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after buying an additional 42,811 shares during the period. Janus Henderson Group PLC increased its holdings in Kilroy Realty by 2,767.7% during 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 buying an additional 1,590,558 shares during the last quarter. Federated Hermes Inc. raised its position in Kilroy Realty by 3.8% in the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after acquiring an additional 50,619 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its stake in Kilroy Realty by 17.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 860,214 shares of the real estate investment trust’s stock valued at $31,338,000 after acquiring an additional 127,036 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kilroy Realty 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 transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the 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 completion of the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KRC has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. Barclays upped their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $39.43.

Kilroy Realty Stock Up 1.0 %

KRC stock opened at $42.43 on Wednesday. Kilroy Realty Co. has a twelve month low of $29.72 and a twelve month high of $43.78. The firm has a market capitalization of $5.01 billion, a PE ratio of 25.40 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $39.96 and a two-hundred day simple moving average of $36.02.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the prior year, the firm posted $1.12 EPS. Kilroy Realty’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.09%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s dividend payout ratio is 129.34%.

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.