Ballentine Partners LLC Purchases 583 Shares of Kilroy Realty Co. (NYSE:KRC)

Ballentine Partners LLC raised its position in Kilroy Realty Co. (NYSE:KRC) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,316 shares of the real estate investment trust’s stock after acquiring an additional 583 shares during the period. Ballentine Partners LLC’s holdings in Kilroy Realty were worth $781,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of KRC. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty during the 3rd quarter valued at $34,000. UMB Bank n.a. grew its holdings in shares of Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Quarry LP acquired a new stake in shares of Kilroy Realty in the 2nd quarter worth about $55,000. Finally, Versant Capital Management Inc lifted its position in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Evercore ISI raised their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $40.80.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $38.27 on Thursday. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The firm’s 50-day simple moving average is $39.97 and its two-hundred day simple moving average is $38.13. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 22.92 and a beta of 1.02. 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 posted its quarterly earnings data 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the previous year, the company posted $1.12 EPS. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

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.