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

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

Several other institutional investors and hedge funds also recently made changes to their positions in KRC. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kilroy Realty during the fourth quarter worth $11,892,000. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $82,000. Tidal Investments LLC increased its holdings in shares of Kilroy Realty by 51.1% during the fourth quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust's stock valued at $457,000 after purchasing an additional 3,820 shares during the period. Sapience Investments LLC increased its holdings in shares of Kilroy Realty by 20.0% during the fourth quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust's stock valued at $2,826,000 after purchasing an additional 11,646 shares during the period. Finally, Rush Island Management LP acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $109,502,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was 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 in the company, valued at approximately $3,013,486.56. The trade was a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Osmond sold 4,000 shares of the business's 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 disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Kilroy Realty Trading Down 2.0%

KRC traded down $0.67 during trading on Friday, reaching $32.22. The company had a trading volume of 1,184,916 shares, compared to its average volume of 1,239,612. The firm's 50-day simple moving average is $31.77 and its 200 day simple moving average is $35.75. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 18.20 and a beta of 1.16. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

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

Kilroy Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KRC. 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 report on Friday, March 28th. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group began coverage on Kilroy Realty in a report on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. Finally, Evercore ISI lowered their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $38.64.

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.