Vert Asset Management LLC Raises Holdings in Kilroy Realty Co. (NYSE:KRC)

Vert Asset Management LLC raised its position in shares of Kilroy Realty Co. (NYSE:KRC) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,000 shares of the real estate investment trust’s stock after acquiring an additional 5,419 shares during the period. Vert Asset Management LLC’s holdings in Kilroy Realty were worth $1,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. Victory Capital Management Inc. grew its holdings in shares of Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after purchasing an additional 709,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kilroy Realty by 428.5% during the third 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 worth $32,933,000 after buying an additional 689,962 shares during the period. AQR Capital Management LLC increased its position in shares of Kilroy Realty by 45.9% in 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 acquiring an additional 267,825 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Kilroy Realty by 1,858.8% during the 2nd quarter. Squarepoint Ops LLC now owns 164,580 shares of the real estate investment trust’s stock valued at $5,130,000 after acquiring an additional 156,178 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock worth $10,861,000 after purchasing an additional 122,616 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $39.68 on Tuesday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 23.76 and a beta of 1.02. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The company’s 50-day simple moving average is $39.91 and its 200-day simple moving average is $38.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08.

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

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on KRC shares. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reiterated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI lifted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.80.

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.