9,626 Shares in Kilroy Realty Co. (NYSE:KRC) Acquired by NorthRock Partners LLC

NorthRock Partners LLC bought a new position in shares of Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,626 shares of the real estate investment trust’s stock, valued at approximately $389,000.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in Kilroy Realty during the 4th quarter worth approximately $49,000. Fifth Third Bancorp grew its holdings 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 in the last quarter. FIL Ltd grew its holdings 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 in the last quarter. KBC Group NV grew its holdings 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 in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings 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 in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. KeyCorp lowered their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.82.

Kilroy Realty Trading Up 1.1%

Shares of Kilroy Realty stock opened at $32.87 on Friday. The company has a fifty day simple moving average of $32.09 and a 200-day simple moving average of $36.25. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 18.57 and a beta of 1.16.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Monday, March 31st. Kilroy Realty’s dividend payout ratio is currently 128.57%.

Insider Buying and Selling

In related news, insider A. Robert Paratte sold 6,000 shares of the 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 completion of the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

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.