12,838 Shares in Kilroy Realty Co. (NYSE:KRC) Bought by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,838 shares of the real estate investment trust's stock, valued at approximately $519,000.

Several other large investors have also modified their holdings of KRC. Summit Securities Group LLC purchased a new position in shares of Kilroy Realty during the fourth quarter worth approximately $49,000. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty during the 4th quarter worth $82,000. Fifth Third Bancorp grew 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 purchasing an additional 607 shares during the last quarter. FIL Ltd increased its stake in Kilroy Realty by 52.4% in the fourth 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. Finally, KBC Group NV increased its stake in Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 1,694 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company decreased their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Finally, Jefferies Financial Group started coverage on Kilroy Realty in a report on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued 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 $39.10.

Kilroy Realty Price Performance

KRC stock traded down $0.67 during trading on Friday, reaching $32.22. 1,184,916 shares of the company were exchanged, compared to its average volume of 1,240,145. 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 stock's 50 day moving average price is $31.71 and its 200 day moving average price is $35.66. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The company has a market cap of $3.81 billion, a P/E ratio of 18.20 and a beta of 1.16.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.70%. Kilroy Realty's dividend payout ratio (DPR) is currently 128.57%.

Insiders Place Their Bets

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was 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 owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This trade represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Osmond sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were 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 owns 12,528 shares in the company, valued at approximately $440,484.48. This trade represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

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.