Deutsche Bank AG Increases Stock Position in Kilroy Realty Co. (NYSE:KRC)

Deutsche Bank AG lifted its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 1,226.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,491 shares of the real estate investment trust’s stock after purchasing an additional 753,999 shares during the period. Deutsche Bank AG owned about 0.69% of Kilroy Realty worth $32,987,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Kilroy Realty during the 4th quarter valued at $49,000. Fifth Third Bancorp boosted its stake in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares during the last quarter. FIL Ltd boosted its stake in shares of Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,184 shares during the last quarter. KBC Group NV increased its position in Kilroy Realty by 54.2% during the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Kilroy Realty by 67.4% during the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 1,963 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

NYSE:KRC opened at $31.72 on Wednesday. The company has a market cap of $3.75 billion, a P/E ratio of 17.92 and a beta of 1.16. The firm’s 50 day moving average is $32.14 and its two-hundred day moving average is $36.41. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The firm had revenue of $270.84 million during the quarter, compared to analysts’ expectations of $274.90 million. During the same period last year, the business posted $1.11 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.81%. Kilroy Realty’s dividend payout ratio (DPR) is 128.57%.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. Evercore ISI cut their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Finally, Jefferies Financial Group began coverage on Kilroy Realty in a report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.82.

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.