Axa S.A. Purchases 138,032 Shares of Kilroy Realty Co. (NYSE:KRC)

AXA S.A. increased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,666 shares of the real estate investment trust's stock after purchasing an additional 138,032 shares during the period. AXA S.A. owned approximately 0.28% of Kilroy Realty worth $13,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Kilroy Realty during the 3rd quarter valued at about $34,000. Summit Securities Group LLC bought a new position in Kilroy Realty during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 374 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. Finally, FIL Ltd grew its holdings in shares of Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 1,184 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. Evercore ISI lowered their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Trading Up 1.6 %

Shares of KRC traded up $0.51 during trading on Friday, reaching $31.64. 1,009,079 shares of the company traded hands, compared to its average volume of 1,231,367. The stock has a 50-day simple moving average of $32.19 and a 200-day simple moving average of $36.54. 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 stock has a market cap of $3.74 billion, a PE ratio of 17.88 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results 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). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. During the same period last year, the firm earned $1.11 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's payout ratio is currently 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.