Axa S.A. Raises Position in Kilroy Realty Co. (NYSE:KRC)

Axa S.A. boosted its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 73.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,666 shares of the real estate investment trust's stock after buying an additional 138,032 shares during the period. Axa S.A. owned 0.28% of Kilroy Realty worth $13,173,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KRC. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter worth approximately $366,356,000. Northern Trust Corp boosted its stake in Kilroy Realty by 107.5% during the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock worth $84,802,000 after purchasing an additional 1,085,914 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Kilroy Realty by 29.3% during the fourth 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 buying an additional 680,870 shares in the last quarter. Landmark Investment Partners L.P. acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at about $24,912,000. Finally, Marshall Wace LLP purchased a new position in shares of Kilroy Realty in the fourth quarter worth about $19,844,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Trading Down 1.9 %

Shares of KRC stock opened at $31.82 on Tuesday. The company has a 50-day moving average of $32.51 and a two-hundred day moving average of $36.81. The firm has a market cap of $3.76 billion, a PE ratio of 17.98 and a beta of 1.16. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted 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 net margin of 18.58% and a return on equity of 3.75%. The company had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter last year, the business posted $1.11 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KRC has been the subject of a number of recent research reports. Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $43.00 to $35.00 in a report on Monday, March 10th. The Goldman Sachs Group reaffirmed 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. Royal Bank of Canada dropped their target price on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, KeyCorp dropped their price objective 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. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.82.

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.

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