Scientech Research LLC Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Scientech Research LLC acquired a new stake in Kilroy Realty Co. (NYSE:KRC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,239 shares of the real estate investment trust’s stock, valued at approximately $631,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Kilroy Realty by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock worth $677,170,000 after acquiring an additional 91,022 shares in the last quarter. APG Asset Management US Inc. grew its stake in Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after acquiring an additional 255,835 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after acquiring an additional 487,556 shares in the last quarter. PGGM Investments raised its position in Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after acquiring an additional 1,385,692 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Kilroy Realty by 1.0% in the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after purchasing an additional 24,855 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was 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 in the company, valued at $1,033,335.14. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KRC has been the subject of a number of recent research reports. Scotiabank dropped their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. KeyCorp dropped their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Evercore ISI upped their price objective on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company dropped their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.40.

Kilroy Realty Trading Up 0.7 %

Shares of KRC stock opened at $39.09 on Friday. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The firm’s 50 day moving average price is $35.80 and its two-hundred day moving average price is $34.37. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 22.47 and a beta of 1.04. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91.

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

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.53%. Kilroy Realty’s payout ratio is currently 124.14%.

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.