NorthRock Partners LLC Takes Position in Kilroy Realty Co. (NYSE:KRC)

NorthRock Partners LLC acquired a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,626 shares of the real estate investment trust's stock, valued at approximately $389,000.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $49,000. Fifth Third Bancorp grew its holdings 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. FIL Ltd increased its position in Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 1,184 shares during the period. KBC Group NV raised its stake 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 acquiring an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Kilroy Realty by 67.4% during the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock valued at $197,000 after acquiring an additional 1,963 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased 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 owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares of the company's stock, 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. Insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded down $0.06 during trading hours on Thursday, hitting $31.47. 303,478 shares of the company's stock traded hands, compared to its average volume of 1,232,925. The company's fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $36.10. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 17.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78.

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

Kilroy Realty Dividend Announcement

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 given a dividend of $0.54 per share. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.86%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

Wall Street Analyst Weigh In

KRC has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price target on 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. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.64.

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.