Quantinno Capital Management LP Purchases 131,198 Shares of Kilroy Realty Co. (NYSE:KRC)

Quantinno Capital Management LP lifted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 58.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,668 shares of the real estate investment trust’s stock after purchasing an additional 131,198 shares during the period. Quantinno Capital Management LP owned 0.30% of Kilroy Realty worth $14,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Kilroy Realty during the 4th quarter worth $49,000. Fifth Third Bancorp increased its stake in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares during the period. FIL Ltd increased its stake in Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,184 shares during the period. KBC Group NV increased its stake 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 acquiring an additional 1,694 shares during the period. Finally, Venturi Wealth Management LLC increased its stake 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 acquiring an additional 1,963 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $31.49 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50-day simple moving average of $32.10 and a 200 day simple moving average of $36.38. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.79 and a beta of 1.16. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78.

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

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 128.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on KRC. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Evercore ISI decreased their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.82.

Insiders Place Their Bets

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

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.