Millennium Management LLC Has $14.89 Million Stake in Kilroy Realty Co. (NYSE:KRC)

Millennium Management LLC lifted its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 20.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,607 shares of the real estate investment trust's stock after purchasing an additional 81,127 shares during the quarter. Millennium Management LLC owned 0.41% of Kilroy Realty worth $14,887,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cibc World Markets Corp bought a new position in shares of Kilroy Realty during the 4th quarter valued at about $1,422,000. Pinebridge Investments L.P. lifted its stake in Kilroy Realty by 72.0% in the fourth quarter. Pinebridge Investments L.P. now owns 25,532 shares of the real estate investment trust's stock valued at $1,017,000 after buying an additional 10,688 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Kilroy Realty by 265.6% in the fourth quarter. Schroder Investment Management Group now owns 482,536 shares of the real estate investment trust's stock valued at $19,224,000 after buying an additional 350,546 shares during the period. Lighthouse Investment Partners LLC increased its position in shares of Kilroy Realty by 70.7% during the fourth quarter. Lighthouse Investment Partners LLC now owns 350,000 shares of the real estate investment trust's stock worth $13,944,000 after acquiring an additional 145,000 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Kilroy Realty by 15.3% during the fourth quarter. Wellington Management Group LLP now owns 915,102 shares of the real estate investment trust's stock worth $36,458,000 after acquiring an additional 121,285 shares during the period. Institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KRC shares. KeyCorp dropped their target price on Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 2nd. Scotiabank lowered their target price on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Evercore ISI increased their price target on 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, Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.40.

Kilroy Realty Stock Performance

KRC stock traded down $0.45 during mid-day trading on Monday, hitting $37.77. 591,211 shares of the company were exchanged, compared to its average volume of 1,046,776. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37. The stock has a market capitalization of $4.43 billion, a PE ratio of 21.97 and a beta of 1.04. The business has a 50 day simple moving average of $36.08 and a 200-day simple moving average of $34.46. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders 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 annualized dividend and a dividend yield of 5.72%. Kilroy Realty's dividend payout ratio is presently 124.14%.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company's stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

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.