Sarasin & Partners LLP Boosts Stock Position in Kilroy Realty Co. (NYSE:KRC)

Sarasin & Partners LLP grew its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,687 shares of the real estate investment trust's stock after purchasing an additional 7,787 shares during the period. Sarasin & Partners LLP owned about 0.06% of Kilroy Realty worth $2,283,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Kilroy Realty during the fourth quarter worth about $49,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty during the fourth quarter worth about $82,000. Fifth Third Bancorp lifted its stake in Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 607 shares during the last quarter. FIL Ltd lifted its stake in Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 1,184 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Kilroy Realty by 54.2% in the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock valued at $195,000 after acquiring an additional 1,694 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Trading Up 1.5%

KRC traded up $0.49 during midday trading on Thursday, reaching $34.08. 330,701 shares of the company's stock traded hands, compared to its average volume of 1,239,214. The firm has a fifty day moving average of $31.65 and a two-hundred day moving average of $35.56. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 19.25 and a beta of 1.16. 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 52 week low of $27.07 and a 52 week high of $43.78.

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 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. During the same period in the previous year, the company earned $1.11 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

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 issued a dividend of $0.54 per share. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.34%. Kilroy Realty's dividend payout ratio (DPR) is 128.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI lowered their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price for the company. Royal Bank of Canada lowered their target price 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. JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company lowered their target price on 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 assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kilroy Realty presently has an average rating of "Hold" and a consensus target price of $39.10.

Insiders Place Their Bets

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 1.57% of the company's stock.

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.