Hancock Whitney Corp Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Hancock Whitney Corp purchased a new stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,541 shares of the real estate investment trust's stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank purchased a new position in Kilroy Realty in the fourth quarter worth $366,356,000. Principal Financial Group Inc. lifted its position in Kilroy Realty by 4.7% during the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Kilroy Realty by 6.3% in the fourth 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. increased 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 purchasing an additional 680,870 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kilroy Realty by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock worth $89,015,000 after acquiring an additional 28,899 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 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 represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Angela M. Aman bought 2,797 shares of Kilroy Realty stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company's stock.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of analyst reports. Wells Fargo & Company lowered Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $43.00 to $35.00 in a research note on Monday, March 10th. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Mizuho restated a "neutral" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Finally, Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $42.00 to $44.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $38.82.

Kilroy Realty Price Performance

Shares of KRC traded up $0.71 during mid-day trading on Thursday, reaching $32.22. The stock had a trading volume of 511,706 shares, compared to its average volume of 1,222,606. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. 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 firm has a market cap of $3.81 billion, a price-to-earnings ratio of 18.20 and a beta of 1.04. The business has a fifty day moving average of $32.62 and a 200 day moving average of $37.06.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Equities analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

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.