CWA Asset Management Group LLC Takes Position in Kilroy Realty Co. (NYSE:KRC)

CWA Asset Management Group LLC purchased a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,301 shares of the real estate investment trust's stock, valued at approximately $476,000.

Several other institutional investors have also bought and sold shares of KRC. Janus Henderson Group PLC grew its stake in Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust's stock valued at $59,991,000 after acquiring an additional 1,590,558 shares during the period. PGGM Investments lifted its holdings in shares of Kilroy Realty by 85.0% in 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. Price T Rowe Associates Inc. MD raised its stake in shares of Kilroy Realty by 18.2% during the first 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 during the last quarter. Sei Investments Co. boosted its stake in shares of Kilroy Realty by 139.4% in the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust's stock valued at $25,266,000 after purchasing an additional 403,807 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in Kilroy Realty in the first quarter valued at $13,179,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Analysts Set New Price Targets

KRC has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Barclays lifted their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Evercore ISI increased their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, Scotiabank cut their target price on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average target price of $39.43.

Kilroy Realty Stock Down 3.7 %

Shares of KRC traded down $1.52 during midday trading on Tuesday, hitting $39.81. 740,841 shares of the company's stock traded hands, compared to its average volume of 1,057,534. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 1 year low of $27.39 and a 1 year high of $43.78. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 24.75 and a beta of 1.03. The firm's fifty day moving average is $39.04 and its 200-day moving average is $35.56.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the previous year, the company earned $1.12 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty's payout ratio is 129.34%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. This trade represents a 0.00 % 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 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.