1,452,331 Shares in Kilroy Realty Co. (NYSE:KRC) Acquired by Bamco Inc. NY

Bamco Inc. NY bought a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,452,331 shares of the real estate investment trust's stock, valued at approximately $58,747,000. Bamco Inc. NY owned 1.23% of Kilroy Realty as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the third quarter worth about $34,000. Versant Capital Management Inc raised its stake in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 336 shares during the period. GAMMA Investing LLC lifted its holdings in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of Kilroy Realty by 22.3% in the fourth quarter. CWA Asset Management Group LLC now owns 15,038 shares of the real estate investment trust's stock worth $608,000 after purchasing an additional 2,737 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in shares of Kilroy Realty by 4.3% during the 4th quarter. Oliver Luxxe Assets LLC now owns 61,960 shares of the real estate investment trust's stock valued at $2,506,000 after purchasing an additional 2,578 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KRC. Wells Fargo & Company lowered Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. Royal Bank of Canada dropped their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. KeyCorp reduced their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Trading Up 1.6 %

Shares of Kilroy Realty stock traded up $0.51 on Friday, reaching $31.64. The company had a trading volume of 1,009,079 shares, compared to its average volume of 1,231,367. The firm's 50-day moving average price is $32.19 and its two-hundred day moving average price is $36.54. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 17.88 and a beta of 1.16. 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 announced 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 firm had revenue of $270.84 million during the quarter, compared to analysts' expectations of $274.90 million. During the same period in the prior year, the company posted $1.11 EPS. The company's revenue was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Kilroy Realty Co. will post 4 earnings per share 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 dividend yield of 6.83%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio is currently 122.03%.

Insider Activity at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the business's 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 directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $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 Company 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.