Summit Trail Advisors LLC Buys New Position in Kilroy Realty Co. (NYSE:KRC)

Summit Trail Advisors LLC bought a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 16,251 shares of the real estate investment trust's stock, valued at approximately $666,000.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty during the third quarter worth approximately $34,000. UMB Bank n.a. lifted its stake in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 540 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 371 shares during the period. Fifth Third Bancorp lifted its holdings in shares of 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 purchasing an additional 607 shares during the period. Finally, Versant Capital Management Inc lifted its holdings 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. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

Shares of KRC stock traded down $0.46 during mid-day trading on Friday, reaching $34.94. The stock had a trading volume of 1,493,224 shares, compared to its average volume of 1,274,692. The company has a market cap of $4.13 billion, a P/E ratio of 20.92 and a beta of 1.02. The business has a 50-day simple moving average of $38.89 and a 200 day simple moving average of $38.42. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data 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 3.53% and a net margin of 17.78%. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty's dividend payout ratio is presently 129.34%.

Insider Buying and Selling

In related news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KRC. Evercore ISI cut their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upgraded Kilroy Realty from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Jefferies Financial Group cut Kilroy Realty from a "buy" rating to a "hold" rating and cut their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Scotiabank cut Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $44.00 price objective on shares of Kilroy Realty in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.20.

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.