Kilroy Realty Corporation (NYSE:KRC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 2,913.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,692 shares of the real estate investment trust's stock after purchasing an additional 53,844 shares during the period. GAMMA Investing LLC's holdings in Kilroy Realty were worth $1,700,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $49,000. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $82,000. FIL Ltd boosted its holdings in shares of Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 1,184 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Kilroy Realty by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock valued at $197,000 after buying an additional 1,963 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $201,000. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Trading Down 0.0%

Shares of KRC stock traded down $0.01 on Wednesday, hitting $35.00. 952,489 shares of the stock traded hands, compared to its average volume of 1,250,777. The firm's 50-day moving average price is $32.47 and its two-hundred day moving average price is $35.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $4.14 billion, a PE ratio of 20.83 and a beta of 1.18. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results 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 net margin of 17.74% and a return on equity of 3.57%. The firm had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. During the same period in the previous year, the firm posted $1.11 EPS. The company's revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.17%. Kilroy Realty's payout ratio is currently 128.57%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the business'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 sale, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47% 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 corporate insiders.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their target price 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. JPMorgan Chase & Co. lowered 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. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price for the company. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kilroy Realty presently has an average rating of "Hold" and a consensus target price of $39.10.

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.