Frank Rimerman Advisors LLC Purchases Shares of 17,871 Kilroy Realty Co. (NYSE:KRC)

Frank Rimerman Advisors LLC bought a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,871 shares of the real estate investment trust's stock, valued at approximately $557,000.

A number of other large investors also recently modified their holdings of the stock. Parallel Advisors LLC increased its position in Kilroy Realty by 6.4% in the fourth quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust's stock worth $196,000 after purchasing an additional 295 shares during the period. Wiser Advisor Group LLC raised its stake in shares of Kilroy Realty by 67.5% during the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock worth $28,000 after buying an additional 305 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Kilroy Realty by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust's stock valued at $2,444,000 after buying an additional 349 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in 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 acquiring an additional 383 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Kilroy Realty by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust's stock worth $612,000 after acquiring an additional 438 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company's stock, valued at $352,720. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at $1,033,335.14. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KRC. Deutsche Bank Aktiengesellschaft cut their price target on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company reduced their target price on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Scotiabank decreased their target price on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Evercore ISI increased their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Finally, KeyCorp decreased their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty currently has an average rating of "Hold" and an average price target of $38.40.

Kilroy Realty Stock Down 0.1 %

KRC traded down $0.03 during trading on Tuesday, reaching $39.92. The company had a trading volume of 1,026,905 shares, compared to its average volume of 1,054,571. The company has a market cap of $4.69 billion, a P/E ratio of 22.96 and a beta of 1.04. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The business's fifty day moving average price is $35.51 and its 200 day moving average price is $34.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The company's revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.41%. Kilroy Realty's payout ratio is presently 124.14%.

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.