Kilroy Realty Co. (NYSE:KRC) Shares Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,000 shares of the real estate investment trust's stock after purchasing an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Kilroy Realty were worth $2,225,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KRC. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter worth approximately $366,356,000. Principal Financial Group Inc. raised its holdings in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after purchasing an additional 218,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock worth $89,015,000 after purchasing an additional 28,899 shares during the last quarter. Geode Capital Management LLC increased its holdings in Kilroy Realty by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,066,597 shares of the real estate investment trust's stock valued at $83,616,000 after buying an additional 14,196 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Kilroy Realty by 12.9% in the fourth quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust's stock valued at $63,862,000 after buying an additional 187,712 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Trading Down 2.3 %

KRC stock traded down $0.66 during midday trading on Friday, hitting $28.67. The stock had a trading volume of 494,955 shares, compared to its average volume of 1,190,435. The company's 50-day moving average price is $33.66 and its 200 day moving average price is $37.69. 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 firm has a market cap of $3.39 billion, a PE ratio of 16.22 and a beta of 1.04.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 7.53%. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KRC shares. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Mizuho restated a "neutral" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. Finally, Evercore ISI decreased their target price 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.82.

Insider Buying and Selling

In related news, CEO Angela M. Aman acquired 2,797 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

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.