Kilroy Realty Co. (NYSE:KRC) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its position in Kilroy Realty Co. (NYSE:KRC) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 26,792 shares of the real estate investment trust’s stock after acquiring an additional 274 shares during the period. Assetmark Inc.’s holdings in Kilroy Realty were worth $1,037,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC boosted its stake in shares of Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 305 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 540 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,270 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Kilroy Realty by 2,510.7% in the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Kilroy Realty in the second quarter worth approximately $46,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KRC. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday. Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Evercore ISI lifted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.43.

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 directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 10.20 % 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

NYSE:KRC opened at $39.40 on Friday. Kilroy Realty Co. has a 52 week low of $29.72 and a 52 week high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.65 billion, a P/E ratio of 23.72 and a beta of 1.03. The stock’s fifty day moving average is $39.22 and its two-hundred day moving average is $35.64.

Kilroy Realty (NYSE:KRC) last posted 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Kilroy Realty’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.48%. Kilroy Realty’s payout ratio is presently 129.34%.

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.