Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 84.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 952,421 shares of the real estate investment trust's stock after purchasing an additional 436,866 shares during the quarter. Millennium Management LLC owned 0.81% of Kilroy Realty worth $38,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KRC. Norges Bank bought a new position in Kilroy Realty during the 4th quarter valued at $366,356,000. Principal Financial Group Inc. boosted its stake in Kilroy Realty by 4.7% during 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 acquiring an additional 218,163 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KRC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday. Royal Bank of Canada dropped their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Finally, Evercore ISI dropped their target price on shares of 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average price target of $38.64.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.22 during trading hours on Friday, reaching $31.29. The stock had a trading volume of 1,290,609 shares, compared to its average volume of 1,238,565. 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 Co. has a twelve month low of $27.07 and a twelve month high of $43.78. The firm has a 50-day simple moving average of $31.96 and a 200-day simple moving average of $35.99. The firm has a market capitalization of $3.70 billion, a PE ratio of 17.68 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share 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 analyst estimates of $274.90 million. During the same period last year, the business earned $1.11 EPS. The firm's revenue was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.90%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

Insider Buying and Selling

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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. The trade was a 24.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

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.