Farringdon Capital Ltd. Buys New Position in Kilroy Realty Co. (NYSE:KRC)

Farringdon Capital Ltd. purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,590 shares of the real estate investment trust's stock, valued at approximately $388,000.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty during the 3rd quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $49,000. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after acquiring an additional 374 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 607 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 336 shares during the period. Institutional investors own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRC. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. Mizuho reiterated 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. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Evercore ISI dropped their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of "Hold" and a consensus price target of $38.82.

Insider Buying and Selling

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares in the company, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Kilroy Realty Price Performance

NYSE KRC traded up $0.55 on Wednesday, reaching $32.69. 480,726 shares of the company's stock traded hands, compared to its average volume of 1,215,807. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The stock has a market cap of $3.87 billion, a PE ratio of 18.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a 50-day simple moving average of $32.84 and a 200 day simple moving average of $37.30.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.61%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

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.