Resolution Capital Ltd Has $181.53 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Resolution Capital Ltd boosted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,487,655 shares of the real estate investment trust’s stock after acquiring an additional 500,635 shares during the period. Kilroy Realty accounts for about 3.3% of Resolution Capital Ltd’s investment portfolio, making the stock its 10th largest position. Resolution Capital Ltd owned about 3.80% of Kilroy Realty worth $181,526,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Kilroy Realty in the fourth quarter worth about $366,356,000. Principal Financial Group Inc. lifted its holdings in Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after purchasing an additional 680,870 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock valued at $89,015,000 after buying an additional 28,899 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares in the company, valued at $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. 1.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KRC. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. Evercore ISI cut their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.82.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $31.49 on Thursday. The company has a market cap of $3.72 billion, a PE ratio of 17.79 and a beta of 1.16. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month 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. The company’s 50-day moving average price is $32.10 and its 200-day moving average price is $36.38.

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

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.86%. Kilroy Realty’s dividend payout ratio is presently 128.57%.

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.