Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 107.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,096,471 shares of the real estate investment trust's stock after buying an additional 1,085,914 shares during the period. Northern Trust Corp owned about 1.78% of Kilroy Realty worth $84,802,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty during the third quarter worth about $34,000. Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty in the 4th quarter worth approximately $49,000. GAMMA Investing LLC grew its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 374 shares during the period. Fifth Third Bancorp increased its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 336 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Up 1.6 %

Shares of KRC stock traded up $0.51 during mid-day trading on Friday, hitting $31.64. 1,009,079 shares of the company's stock were exchanged, compared to its average volume of 1,231,367. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 17.88 and a beta of 1.16. The stock has a 50-day simple moving average of $32.19 and a two-hundred day simple moving average of $36.54. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same period in the previous year, the business posted $1.11 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio is currently 122.03%.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider A. Robert Paratte sold 6,000 shares of the 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 sale, the insider now directly 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 disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KRC has been the topic of several recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research 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 on the stock in a report on Wednesday, February 12th. 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 Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Finally, Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.82.

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.