Ameriprise Financial Inc. Acquires 16,959 Shares of Kilroy Realty Co. (NYSE:KRC)

Ameriprise Financial Inc. boosted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 193,835 shares of the real estate investment trust's stock after acquiring an additional 16,959 shares during the period. Ameriprise Financial Inc. owned 0.16% of Kilroy Realty worth $7,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $49,000. Fifth Third Bancorp lifted its holdings in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. FIL Ltd lifted its holdings in shares of 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 in the last quarter. KBC Group NV lifted its holdings in shares of 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 in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Kilroy Realty by 67.4% in the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock valued at $197,000 after purchasing an additional 1,963 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

KRC has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. dropped 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. Wells Fargo & Company dropped their target price on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Evercore ISI decreased their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reaffirmed 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. One investment analyst has rated the stock with a sell rating, seven have given 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 price target of $38.64.

Insiders Place Their Bets

In other news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, 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. Company insiders own 1.57% of the company's stock.

Kilroy Realty Stock Performance

NYSE:KRC traded up $1.19 during trading hours on Tuesday, reaching $32.46. The stock had a trading volume of 1,164,154 shares, compared to its average volume of 1,240,411. 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 has a 50 day simple moving average of $31.85 and a 200 day simple moving average of $35.83. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78. The stock has a market cap of $3.84 billion, a P/E ratio of 18.34 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (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 firm had revenue of $270.84 million during the quarter, compared to analysts' expectations of $274.90 million. During the same period in the prior year, the business earned $1.11 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company 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. This represents a $2.16 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Monday, June 30th. Kilroy Realty's dividend payout ratio is currently 128.57%.

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.