Ballentine Partners LLC Raises Stake in Kilroy Realty Co. (NYSE:KRC)

Ballentine Partners LLC raised its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,316 shares of the real estate investment trust’s stock after buying an additional 583 shares during the quarter. Ballentine Partners LLC’s holdings in Kilroy Realty were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in Kilroy Realty by 585.2% during the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after buying an additional 709,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after acquiring an additional 689,962 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Kilroy Realty by 45.9% during the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock worth $26,393,000 after purchasing an additional 267,825 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Kilroy Realty by 1,858.8% in the second quarter. Squarepoint Ops LLC now owns 164,580 shares of the real estate investment trust’s stock worth $5,130,000 after purchasing an additional 156,178 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in Kilroy Realty by 77.6% in the third quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after purchasing an additional 122,616 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.49% of the stock is owned by company insiders.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $38.27 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The business’s 50 day simple moving average is $39.97 and its two-hundred day simple moving average is $38.13. The stock has a market capitalization of $4.52 billion, a P/E ratio of 22.92 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. Analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.64%. Kilroy Realty’s payout ratio is presently 129.34%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research note on Thursday, November 14th. Barclays reduced their target price on Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Mizuho restated a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.80.

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.