HighTower Advisors LLC Acquires 60,072 Shares of Kilroy Realty Co. (NYSE:KRC)

HighTower Advisors LLC grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 279.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,577 shares of the real estate investment trust's stock after purchasing an additional 60,072 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Kilroy Realty worth $3,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Assetmark Inc. lifted its position in shares of Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,037,000 after buying an additional 274 shares during the last quarter. FMR LLC boosted its position in Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after purchasing an additional 329 shares during the period. Commerce Bank boosted its position in Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock worth $448,000 after purchasing an additional 342 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 worth $57,000 after purchasing an additional 371 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Kilroy Realty by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust's stock valued at $210,000 after purchasing an additional 383 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KRC. Barclays lifted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Wells Fargo & Company decreased their price objective on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. 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 note on Thursday, November 14th. Finally, Evercore ISI lifted their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.43.

Kilroy Realty Price Performance

KRC traded up $0.46 on Friday, reaching $41.74. The company had a trading volume of 1,128,389 shares, compared to its average volume of 1,053,197. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 25.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The business has a 50 day simple moving average of $40.43 and a 200 day simple moving average of $36.58.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.17%. Kilroy Realty's dividend payout ratio is 129.34%.

Insiders Place Their Bets

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,628 shares of company stock valued at $729,900. 2.49% of the stock is currently owned by corporate insiders.

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.