CANADA LIFE ASSURANCE Co Raises Stake in Kilroy Realty Co. (NYSE:KRC)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,567 shares of the real estate investment trust's stock after purchasing an additional 8,111 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.21% of Kilroy Realty worth $10,051,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty in the 3rd quarter worth approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty during the fourth quarter worth $49,000. GAMMA Investing LLC boosted 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 acquiring an additional 374 shares during the period. Fifth Third Bancorp grew its position 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 valued at $102,000 after purchasing an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Kilroy Realty by 14.8% during the 4th 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. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on KRC shares. JPMorgan Chase & Co. cut their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Mizuho restated a "neutral" rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Evercore ISI decreased their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Price Performance

NYSE:KRC traded down $0.20 during midday trading on Friday, hitting $32.39. The company had a trading volume of 590,346 shares, compared to its average volume of 1,221,436. The company has a market capitalization of $3.83 billion, a PE ratio of 18.30 and a beta of 1.04. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The stock's fifty day moving average price is $32.75 and its 200-day moving average price is $37.23.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.67%. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.

Insider Activity

In related news, EVP John Osmond sold 4,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were 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 directly owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now directly owns 86,744 shares of the company's stock, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently 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.