Northern Trust Corp Has $84.80 Million Position in Kilroy Realty Co. (NYSE:KRC)

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

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty during the 3rd quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $49,000. GAMMA Investing LLC increased its stake in 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 valued at $75,000 after buying an additional 374 shares during the period. Fifth Third Bancorp lifted its position 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 worth $102,000 after buying an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the firm'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 sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on KRC. JPMorgan Chase & Co. dropped their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada reduced 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. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Finally, KeyCorp dropped their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and an average price target of $38.82.

Kilroy Realty Price Performance

NYSE:KRC traded up $0.51 during trading hours on Friday, reaching $31.64. The company had a trading volume of 756,531 shares, compared to its average volume of 1,227,126. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78. The firm has a market capitalization of $3.74 billion, a PE ratio of 17.88 and a beta of 1.16. The stock has a 50-day moving average of $32.24 and a two-hundred day moving average of $36.65. 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 released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share 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 for the quarter, compared to analyst estimates of $274.90 million. During the same period in the prior year, the business earned $1.11 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

Kilroy Realty Company 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.