Kilroy Realty Co. (NYSE:KRC) Shares Bought by Vestcor Inc

Vestcor Inc lifted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 289.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,313 shares of the real estate investment trust's stock after acquiring an additional 25,492 shares during the quarter. Vestcor Inc's holdings in Kilroy Realty were worth $1,328,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Waterfall Asset Management LLC purchased a new stake in Kilroy Realty in the 2nd quarter valued at about $1,309,000. CWA Asset Management Group LLC purchased a new position in Kilroy Realty during the 3rd quarter worth $476,000. Edgestream Partners L.P. acquired a new position in shares of Kilroy Realty during the second quarter valued at about $1,178,000. International Assets Investment Management LLC increased its stake in Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust's stock valued at $518,000 after purchasing an additional 13,096 shares in the last quarter. Finally, Candriam S.C.A. purchased a new position in Kilroy Realty in the 2nd quarter worth $2,730,000. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value 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 $1,033,335.14. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heidi Rena Roth sold 12,000 shares of the 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 sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,628 shares of company stock worth $729,900 over the last three months. Insiders own 2.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KRC shares. Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Barclays boosted their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, Scotiabank lowered shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.43.

Kilroy Realty Trading Up 0.9 %

Shares of Kilroy Realty stock traded up $0.35 during mid-day trading on Thursday, hitting $41.28. The stock had a trading volume of 1,033,068 shares, compared to its average volume of 1,052,883. The firm has a 50-day moving average of $40.43 and a two-hundred day moving average of $36.58. The firm has a market cap of $4.87 billion, a P/E ratio of 24.72 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same period last year, the business earned $1.12 EPS. Kilroy Realty's revenue was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.23%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 129.34%.

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.