T. Rowe Price Investment Management Inc. Acquires 680,870 Shares of Kilroy Realty Co. (NYSE:KRC)

T. Rowe Price Investment Management Inc. increased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,003,920 shares of the real estate investment trust's stock after purchasing an additional 680,870 shares during the period. T. Rowe Price Investment Management Inc. owned 2.54% of Kilroy Realty worth $121,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty in the third quarter valued at $34,000. Summit Securities Group LLC acquired a new position in Kilroy Realty during the 4th quarter valued at about $49,000. GAMMA Investing LLC boosted its stake in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 374 shares during the period. Fifth Third Bancorp grew its position in Kilroy Realty by 31.7% in the 4th 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 last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KRC. Evercore ISI lowered their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada cut their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.82.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on 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 in the company, valued at $3,013,486.56. The trade was a 6.47 % 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 Trading Down 0.6 %

Shares of NYSE:KRC traded down $0.20 during mid-day trading on Friday, hitting $32.39. The stock had a trading volume of 590,346 shares, compared to its average volume of 1,225,170. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month 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 company has a market cap of $3.83 billion, a PE ratio of 18.30 and a beta of 1.04. The company's 50 day moving average is $32.71 and its 200-day moving average is $37.19.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's payout ratio is presently 122.03%.

About Kilroy Realty

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.