Deutsche Bank AG raised its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 1,226.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 815,491 shares of the real estate investment trust's stock after buying an additional 753,999 shares during the period. Deutsche Bank AG owned about 0.69% of Kilroy Realty worth $32,987,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Kilroy Realty during the fourth quarter worth approximately $366,356,000. Principal Financial Group Inc. increased its stake in Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after acquiring an additional 218,163 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after purchasing an additional 193,291 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Kilroy Realty by 29.3% during the 4th 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. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kilroy Realty by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock valued at $89,015,000 after buying an additional 28,899 shares in the last quarter. Institutional investors own 94.22% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Evercore ISI lowered their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.64.
View Our Latest Report on KRC
Insiders Place Their Bets
In other 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 transaction 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 represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.57% of the company's stock.
Kilroy Realty Stock Performance
Shares of KRC stock traded up $0.07 on Monday, hitting $32.92. 108,377 shares of the stock traded hands, compared to its average volume of 1,233,335. 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 Co. has a 1-year low of $27.07 and a 1-year high of $43.78. The company's fifty day moving average is $32.09 and its 200 day moving average is $36.20. The company has a market capitalization of $3.89 billion, a PE ratio of 18.61 and a beta of 1.16.
Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.75% and a net margin of 18.58%. The firm had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.
Kilroy Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.56%. Kilroy Realty's dividend payout ratio is 128.57%.
About Kilroy Realty
(
Free Report)
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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