Cerity Partners LLC Purchases 69,413 Shares of Kilroy Realty Co. (NYSE:KRC)

Cerity Partners LLC raised its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 498.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,345 shares of the real estate investment trust's stock after acquiring an additional 69,413 shares during the period. Cerity Partners LLC owned approximately 0.07% of Kilroy Realty worth $3,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KRC. State of Alaska Department of Revenue grew its position in Kilroy Realty by 0.4% in the 4th 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 purchasing an additional 276 shares during the last quarter. Choreo LLC increased its stake in Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 278 shares during the period. M&T Bank Corp increased its stake in 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 acquiring an additional 293 shares during the period. US Bancorp DE raised its holdings in Kilroy Realty by 3.4% in 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, FMR LLC lifted its position in shares of Kilroy Realty by 2.2% in the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after acquiring an additional 329 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Osmond sold 4,000 shares of the company'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 owns 12,528 shares in the company, valued at approximately $440,484.48. The trade was a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

Kilroy Realty stock traded up $0.58 on Friday, reaching $31.81. The company's stock had a trading volume of 1,532,300 shares, compared to its average volume of 1,214,867. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 17.97 and a beta of 1.04. 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 business's fifty day moving average price is $32.99 and its 200 day moving average price is $37.39.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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 expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio is 122.03%.

Analysts Set New Price Targets

A number of research analysts recently commented on KRC shares. KeyCorp cut 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. Royal Bank of Canada dropped 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. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $43.00 to $35.00 in a research report on Monday, March 10th. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.82.

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.