Hancock Whitney Corp Takes Position in Kilroy Realty Co. (NYSE:KRC)

Hancock Whitney Corp acquired a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,541 shares of the real estate investment trust's stock, valued at approximately $790,000.

Several other institutional investors have also added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty during the 3rd quarter worth about $34,000. Summit Securities Group LLC bought a new stake in shares of Kilroy Realty during the fourth quarter valued at about $49,000. GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after buying an additional 374 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after buying an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of 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 valued at $105,000 after acquiring an additional 336 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

NYSE KRC traded up $0.34 on Monday, reaching $32.71. 775,528 shares of the company's stock traded hands, compared to its average volume of 1,223,371. The stock has a market cap of $3.87 billion, a PE ratio of 18.48 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. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The stock has a 50-day simple moving average of $32.68 and a 200 day simple moving average of $37.14.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results 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 predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.60%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio is presently 122.03%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective on the stock. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, Mizuho reissued a "neutral" rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $38.82.

Insider Buying and Selling

In other news, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is owned by corporate insiders.

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.