Kilroy Realty Co. (NYSE:KRC) Stake Lifted by LPL Financial LLC

LPL Financial LLC increased its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,746 shares of the real estate investment trust's stock after buying an additional 10,328 shares during the period. LPL Financial LLC's holdings in Kilroy Realty were worth $2,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in shares of 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 purchasing an additional 276 shares during the last quarter. Choreo LLC boosted its stake in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock worth $358,000 after buying an additional 278 shares during the last quarter. M&T Bank Corp grew its holdings in Kilroy Realty by 1.3% in the 4th 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 period. US Bancorp DE increased its stake in shares of 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 during the last quarter. Finally, FMR LLC lifted its holdings in shares of Kilroy Realty by 2.2% during 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. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Up 1.9 %

KRC stock traded up $0.58 during trading on Friday, reaching $31.81. The stock had a trading volume of 1,532,300 shares, compared to its average volume of 1,216,061. The firm has a fifty day moving average price of $32.99 and a 200 day moving average price of $37.38. 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 company has a market capitalization of $3.76 billion, a P/E ratio of 17.97 and a beta of 1.04. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78.

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

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.79%. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Insider Activity at Kilroy Realty

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 sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on KRC shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada dropped their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, March 10th. Finally, Mizuho reiterated a "neutral" rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kilroy Realty 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.