Infrastructure Capital Advisors LLC Buys 23,341 Shares of Kilroy Realty Co. (NYSE:KRC)

Infrastructure Capital Advisors LLC raised its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 45.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,093 shares of the real estate investment trust's stock after purchasing an additional 23,341 shares during the quarter. Infrastructure Capital Advisors LLC owned approximately 0.06% of Kilroy Realty worth $2,906,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PGGM Investments lifted its holdings in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock valued at $93,979,000 after buying an additional 1,385,692 shares during the last quarter. Swedbank AB acquired a new stake in Kilroy Realty in the first quarter valued at approximately $5,811,000. Waterfall Asset Management LLC bought a new stake in Kilroy Realty in the second quarter worth approximately $1,309,000. CWA Asset Management Group LLC acquired a new position in shares of Kilroy Realty during the 3rd quarter worth $476,000. Finally, Edgestream Partners L.P. bought a new position in shares of Kilroy Realty during the 2nd quarter valued at $1,178,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.45 during trading hours on Friday, reaching $41.60. 669,166 shares of the company's stock were exchanged, compared to its average volume of 1,058,165. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4.91 billion, a P/E ratio of 24.91 and a beta of 1.03. The business has a fifty day moving average price of $40.06 and a 200-day moving average price of $36.16.

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

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is presently 129.34%.

Wall Street Analyst Weigh In

KRC has been the subject of a number of recent research reports. Scotiabank cut shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. Wells Fargo & Company decreased their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Barclays raised their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $39.43.

Insider Activity at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty 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 sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,628 shares of company stock worth $729,900 over the last three months. Company insiders own 2.49% of the company's stock.

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.