Walleye Capital LLC Acquires New Shares in Kilroy Realty Co. (NYSE:KRC)

Walleye Capital LLC bought a new position in Kilroy Realty Co. (NYSE:KRC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 8,182 shares of the real estate investment trust’s stock, valued at approximately $317,000.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,270 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares during the period. Headlands Technologies LLC acquired a new position in shares of Kilroy Realty during the second quarter worth approximately $46,000. Finally, Quarry LP bought a new position in Kilroy Realty in the 2nd quarter worth approximately $55,000. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KRC has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased 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 report on Wednesday, September 11th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research report on Thursday, November 14th. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.43.

Insider Buying and Selling

In other news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on 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 directly owns 8,818 shares in the company, valued at $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,628 shares of company stock valued at $729,900. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Stock Performance

Shares of KRC opened at $41.62 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm’s 50 day moving average is $40.25 and its 200-day moving average is $36.46. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The stock has a market capitalization of $4.91 billion, a P/E ratio of 24.92 and a beta of 1.03.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.19%. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

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.