200,898 Shares in Kilroy Realty Co. (NYSE:KRC) Bought by BROOKFIELD Corp ON

BROOKFIELD Corp ON acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,898 shares of the real estate investment trust's stock, valued at approximately $8,126,000. BROOKFIELD Corp ON owned 0.17% of Kilroy Realty at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty in the 3rd quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in shares of Kilroy Realty in the fourth quarter worth $49,000. GAMMA Investing LLC boosted its holdings in shares of Kilroy Realty by 25.4% in the fourth 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 period. Fifth Third Bancorp grew its position in shares of Kilroy Realty by 31.7% in the fourth 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 raised its stake 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 period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KRC. KeyCorp cut their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reduced 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 research note on Monday, March 10th. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $43.00 to $35.00 in a report on Monday, March 10th. One investment 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 stock presently has a consensus rating of "Hold" and an average price target of $38.82.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Angela M. Aman acquired 2,797 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company's stock.

Kilroy Realty Trading Up 1.6 %

Shares of NYSE KRC traded up $0.51 during mid-day trading on Friday, hitting $31.64. The stock had a trading volume of 1,009,079 shares, compared to its average volume of 1,231,367. The firm has a market cap of $3.74 billion, a P/E ratio of 17.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The business has a 50 day moving average price of $32.19 and a two-hundred day moving average price of $36.54. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78.

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

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.83%. Kilroy Realty's dividend payout ratio is currently 128.57%.

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.