Russell Investments Group Ltd. Increases Stake in Kilroy Realty Co. (NYSE:KRC)

Russell Investments Group Ltd. increased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 150.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,282 shares of the real estate investment trust's stock after buying an additional 282,391 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.40% of Kilroy Realty worth $19,023,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc raised its holdings in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock valued at $1,328,000 after purchasing an additional 25,492 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Kilroy Realty by 4.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after purchasing an additional 1,747 shares during the last quarter. 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. US Bancorp DE lifted its position in Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after acquiring an additional 317 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Kilroy Realty by 14.8% during the 4th 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 last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRC shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Mizuho reaffirmed a "neutral" rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Royal Bank of Canada cut their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Finally, 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 research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Stock Performance

NYSE KRC traded up $0.28 during trading hours on Tuesday, reaching $31.22. 524,213 shares of the company were exchanged, compared to its average volume of 1,199,982. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.69 billion, a P/E ratio of 17.64 and a beta of 1.04. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The business's 50 day simple moving average is $33.40 and its 200-day simple moving average is $37.56.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.92%. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Insider Transactions at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.