7,426 Shares in Kilroy Realty Co. (NYSE:KRC) Acquired by Choreo LLC

Choreo LLC purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,426 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds have also recently added to or reduced their stakes in KRC. Principal Securities Inc. purchased a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $33,000. Dimensional Fund Advisors LP grew its stake in shares of Kilroy Realty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,631,938 shares of the real estate investment trust’s stock valued at $65,019,000 after purchasing an additional 12,936 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Kilroy Realty by 28.4% in the 4th quarter. Corient Private Wealth LLC now owns 23,898 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 5,280 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $87,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Kilroy Realty by 232.5% in the 4th quarter. Franklin Resources Inc. now owns 174,271 shares of the real estate investment trust’s stock valued at $6,943,000 after buying an additional 121,864 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI raised their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday. Scotiabank reduced their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Finally, KeyCorp reduced their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.40.

Insider Activity

In other news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $40.80 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. The stock has a fifty day moving average of $35.33 and a two-hundred day moving average of $34.24. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 23.45 and a beta of 1.04. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. On average, analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

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.