GAMMA Investing LLC Buys 53,844 Shares of Kilroy Realty Co. (NYSE:KRC)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRC. Pictet Asset Management Holding SA boosted its position in Kilroy Realty by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after purchasing an additional 1,747 shares during the last quarter. US Bancorp DE lifted its position in shares of Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after buying an additional 317 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Kilroy Realty by 0.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust's stock worth $6,376,000 after acquiring an additional 956 shares during the period. Van ECK Associates Corp increased its holdings in shares of Kilroy Realty by 17.5% during the 4th quarter. Van ECK Associates Corp now owns 27,230 shares of the real estate investment trust's stock worth $1,101,000 after acquiring an additional 4,052 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Kilroy Realty by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 347 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded down $0.76 during trading hours on Friday, hitting $35.19. 1,057,058 shares of the company's stock traded hands, compared to its average volume of 1,249,570. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.88 and a beta of 1.18. The company has a fifty day simple moving average of $32.24 and a 200-day simple moving average of $35.28. 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 (NYSE:KRC - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $274.90 million. During the same period last year, the business posted $1.11 EPS. 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 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

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 paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.14%. Kilroy Realty's dividend payout ratio is currently 128.57%.

Insiders Place Their Bets

In related news, insider A. Robert Paratte sold 6,000 shares of the firm'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 transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KRC shares. JPMorgan Chase & Co. decreased 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. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Royal Bank of Canada reduced their price target on 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. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. Finally, KeyCorp reduced their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.10.

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.