Freestone Capital Holdings LLC Acquires New Position in Kilroy Realty Co. (NYSE:KRC)

Freestone Capital Holdings LLC acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,397 shares of the real estate investment trust's stock, valued at approximately $1,432,000.

A number of other large investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty during the third quarter worth about $34,000. GAMMA Investing LLC grew its holdings in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 worth $102,000 after purchasing an additional 607 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 336 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Kilroy Realty by 113.6% in the third quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust's stock valued at $113,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

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Kilroy Realty Price Performance

Shares of KRC stock traded down $0.14 during trading hours on Monday, hitting $33.18. 2,271,090 shares of the company's stock were exchanged, compared to its average volume of 1,449,035. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 18.74 and a beta of 1.02. 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's 50-day moving average is $36.82 and its 200-day moving average is $38.48.

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

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.51%. The ex-dividend date is Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KRC. Royal Bank of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday. JPMorgan Chase & Co. raised shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Evercore ISI decreased their price objective 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. The Goldman Sachs Group lowered their price objective on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Scotiabank downgraded Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.73.

Insiders Place Their Bets

In other news, CEO Angela M. Aman bought 2,797 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.49% of the company's stock.

Kilroy Realty Company 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.