Kilroy Realty Co. (NYSE:KRC) Shares Bought by Sapience Investments LLC

Sapience Investments LLC grew its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,865 shares of the real estate investment trust's stock after acquiring an additional 11,646 shares during the quarter. Kilroy Realty comprises approximately 1.6% of Sapience Investments LLC's holdings, making the stock its 20th largest holding. Sapience Investments LLC owned 0.06% of Kilroy Realty worth $2,826,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KRC. Summit Securities Group LLC bought a new position in shares of Kilroy Realty in the fourth quarter worth about $49,000. Fifth Third Bancorp grew its stake in Kilroy Realty by 31.7% in 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 in the last quarter. FIL Ltd increased its holdings in Kilroy Realty by 52.4% during the 4th 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 period. KBC Group NV raised its position in Kilroy Realty by 54.2% during the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Kilroy Realty by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock worth $197,000 after buying an additional 1,963 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KRC shares. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. KeyCorp dropped their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company cut their price objective 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. Finally, 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 report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and a consensus price target of $38.64.

Kilroy Realty Stock Up 0.3%

Shares of KRC traded up $0.11 during midday trading on Thursday, hitting $31.63. 518,256 shares of the company's stock traded hands, compared to its average volume of 1,233,650. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The firm's fifty day moving average is $32.07 and its 200-day moving average is $36.10. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 17.85 and a beta of 1.16.

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 during the quarter, compared to analysts' expectations of $274.90 million. During the same quarter last year, the business posted $1.11 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.83%. Kilroy Realty's payout ratio is currently 128.57%.

Insider Transactions at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Angela M. Aman purchased 2,797 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.49% 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.