Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 293,982 Kilroy Realty Co. (NYSE:KRC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 293,982 shares of the real estate investment trust's stock, valued at approximately $11,892,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Kilroy Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock worth $2,768,000 after buying an additional 276 shares during the last quarter. Choreo LLC lifted its holdings in shares of Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp boosted its position in shares of Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 293 shares during the last quarter. US Bancorp DE lifted its stake in Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after acquiring an additional 317 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Kilroy Realty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock worth $2,079,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Trading Up 1.4%

Shares of KRC stock traded up $0.46 during mid-day trading on Wednesday, reaching $33.63. The stock had a trading volume of 1,557,744 shares, compared to its average volume of 1,242,785. The firm has a market capitalization of $3.98 billion, a PE ratio of 19.00 and a beta of 1.16. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The stock's 50-day moving average price is $31.65 and its two-hundred day moving average price is $35.56. 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 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). The business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Kilroy Realty's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 annualized dividend and a dividend yield of 6.42%. Kilroy Realty's payout ratio is 128.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of 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. decreased their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, 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 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.10.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the business's 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 sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was 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.

About Kilroy Realty

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.