Norges Bank Purchases New Stake in Kilroy Realty Co. (NYSE:KRC)

Norges Bank purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,057,009 shares of the real estate investment trust's stock, valued at approximately $366,356,000. Norges Bank owned approximately 7.67% of Kilroy Realty at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC grew its stake in Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 374 shares during the last quarter. Fifth Third Bancorp lifted its position in Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 607 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 336 shares during the period. Finally, KBC Group NV lifted its holdings in Kilroy Realty by 54.2% during the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 1,694 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.49% of the company's stock.

Kilroy Realty Trading Down 6.2 %

Shares of NYSE:KRC traded down $2.07 during trading on Thursday, reaching $31.23. The stock had a trading volume of 273,145 shares, compared to its average volume of 1,148,230. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm's fifty day moving average is $35.08 and its 200 day moving average is $38.23. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 17.64 and a beta of 1.02.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS 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%. As a group, equities analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.92%. Kilroy Realty's payout ratio is currently 122.03%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KRC shares. Evercore ISI dropped their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. One investment 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.com, the stock has an average rating of "Hold" and a consensus target price of $38.82.

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.