Kilroy Realty Co. (NYSE:KRC) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,809 shares of the real estate investment trust’s stock after buying an additional 438 shares during the quarter. Ballentine Partners LLC’s holdings in Kilroy Realty were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KRC. Citigroup Inc. grew its holdings in shares of Kilroy Realty by 32.7% during the third quarter. Citigroup Inc. now owns 38,359 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 9,450 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Kilroy Realty by 36.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 772 shares in the last quarter. Covestor Ltd grew its holdings in shares of Kilroy Realty by 23.8% during the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 372 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Kilroy Realty by 14.1% during the third quarter. Natixis Advisors L.P. now owns 17,584 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 2,175 shares in the last quarter. Finally, Senvest Management LLC grew its holdings in shares of Kilroy Realty by 39.5% during the third quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock valued at $93,600,000 after buying an additional 837,755 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity

In other news, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the sale, the insider now directly owns 68,139 shares in the company, valued at approximately $2,272,435.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider A. Robert Paratte sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the sale, the insider now directly owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total value of $112,054.14. Following the sale, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at $978,866.46. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays assumed coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective for the company. KeyCorp reduced their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $44.00 to $39.00 in a research report on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.50.

Kilroy Realty Price Performance

Shares of KRC stock traded up $0.60 during trading hours on Monday, hitting $32.18. The company had a trading volume of 31,139 shares, compared to its average volume of 1,057,115. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.15 and a beta of 1.03. The firm’s fifty day moving average is $33.10 and its 200 day moving average is $35.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 6.71%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

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.