Kilroy Realty Co. (NYSE:KRC) Stock Position Raised by Bank of America Corp DE

Bank of America Corp DE raised its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,457 shares of the real estate investment trust's stock after purchasing an additional 41,356 shares during the period. Bank of America Corp DE owned about 0.39% of Kilroy Realty worth $18,787,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $366,356,000. Principal Financial Group Inc. raised its position in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after purchasing an additional 218,163 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after acquiring an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after acquiring an additional 680,870 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock valued at $89,015,000 after acquiring an additional 28,899 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

KRC traded down $0.22 during trading on Friday, reaching $31.29. 1,290,609 shares of the company were exchanged, compared to its average volume of 1,238,565. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. The stock has a market cap of $3.70 billion, a P/E ratio of 17.68 and a beta of 1.16. The firm has a 50 day moving average of $31.96 and a 200 day moving average of $35.99. 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 (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 (EPS) 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 business had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same period in the previous year, the company posted $1.11 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 6.90%. Kilroy Realty's payout ratio is 128.57%.

Insider Transactions at Kilroy Realty

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 completion of the transaction, the insider now owns 86,744 shares of the company's stock, valued at $3,013,486.56. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 of the company's stock, valued at $440,484.48. This represents a 24.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KRC shares. 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 report on Wednesday, April 2nd. KeyCorp dropped their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, Wells Fargo & Company dropped their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus target price of $38.64.

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.