Victory Capital Management Inc. Acquires 709,126 Shares of Kilroy Realty Co. (NYSE:KRC)

Victory Capital Management Inc. raised its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 585.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 830,311 shares of the real estate investment trust's stock after acquiring an additional 709,126 shares during the quarter. Victory Capital Management Inc. owned about 0.70% of Kilroy Realty worth $32,133,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wiser Advisor Group LLC lifted its stake in Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 305 shares during the period. UMB Bank n.a. raised its position in shares of Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 540 shares during the period. Blue Trust Inc. boosted its stake in Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 1,270 shares during the last quarter. Versant Capital Management Inc grew its holdings in Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,406 shares during the period. Finally, GAMMA Investing LLC increased its stake in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KRC. Evercore ISI boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price 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 increased their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Finally, Scotiabank cut Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and an average target price of $39.43.

Kilroy Realty Stock Down 1.5 %

Shares of Kilroy Realty stock traded down $0.60 during trading hours on Friday, reaching $38.80. 1,160,661 shares of the company's stock were exchanged, compared to its average volume of 1,124,905. The stock has a market cap of $4.58 billion, a P/E ratio of 23.23 and a beta of 1.03. The company has a 50 day moving average of $39.39 and a two-hundred day moving average of $35.71. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a fifty-two week low of $29.72 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share 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 return on equity of 3.53% and a net margin of 17.78%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. On average, sell-side analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Monday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is presently 129.34%.

Insider Activity

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company's stock, valued at $352,720. This represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company's stock, valued at $1,033,335.14. This trade represents a 10.20 % 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.

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.