Envestnet Asset Management Inc. Boosts Holdings in Kilroy Realty Co. (NYSE:KRC)

Envestnet Asset Management Inc. boosted its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 39.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,230 shares of the real estate investment trust's stock after acquiring an additional 8,313 shares during the period. Envestnet Asset Management Inc.'s holdings in Kilroy Realty were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty during the third quarter valued at approximately $34,000. Summit Securities Group LLC acquired a new position in shares of Kilroy Realty in the 4th quarter valued at $49,000. GAMMA Investing LLC raised its stake in 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 lifted its position in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 607 shares during the period. Finally, Versant Capital Management Inc grew 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 valued at $105,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on KRC shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Mizuho reiterated a "neutral" rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group started coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.82.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $31.51 on Thursday. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.80 and a beta of 1.04. The business's 50 day moving average is $32.62 and its two-hundred day moving average is $37.06. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.85%. Kilroy Realty's payout ratio is currently 122.03%.

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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