Charles Schwab Investment Management Inc. Grows Position in Kilroy Realty Co. (NYSE:KRC)

Charles Schwab Investment Management Inc. lifted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,171,717 shares of the real estate investment trust's stock after purchasing an additional 27,660 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.84% of Kilroy Realty worth $84,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its stake 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. Blue Trust Inc. lifted its position in 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 valued at $43,000 after purchasing 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% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,406 shares during the period. Headlands Technologies LLC bought a new position in shares of Kilroy Realty in the second quarter worth approximately $46,000. Finally, Quarry LP purchased a new position in shares of Kilroy Realty in the second quarter worth $55,000. 94.22% of the stock is currently owned by institutional investors.

Insider Transactions at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the company's 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 transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Osmond sold 2,628 shares of the stock in a transaction dated 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 directly owns 8,818 shares in the company, valued at $352,720. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,628 shares of company stock valued at $729,900 in the last ninety days. 2.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KRC. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. 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. Wells Fargo & Company decreased their target price on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. Finally, Scotiabank downgraded shares of 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 report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.43.

Kilroy Realty Stock Down 0.8 %

KRC stock traded down $0.36 during midday trading on Thursday, hitting $42.05. The stock had a trading volume of 1,608,333 shares, compared to its average volume of 1,059,855. The business has a 50-day moving average of $40.03 and a two-hundred day moving average of $36.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 25.18 and a beta of 1.03. Kilroy Realty Co. has a 52-week low of $29.88 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter last year, the firm posted $1.12 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.14%. Kilroy Realty's payout ratio is 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.