Atlas Capital Advisors LLC Invests $99,000 in Kilroy Realty Co. (NYSE:KRC)

Atlas Capital Advisors LLC purchased a new stake in Kilroy Realty Co. (NYSE:KRC) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,712 shares of the real estate investment trust’s stock, valued at approximately $99,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Kilroy Realty by 6.4% in the 4th quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 295 shares during the period. Ballentine Partners LLC increased its position in Kilroy Realty by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock valued at $612,000 after acquiring an additional 438 shares during the period. CWM LLC increased its position in Kilroy Realty by 26.9% in the 4th quarter. CWM LLC now owns 2,822 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 598 shares during the period. Westpac Banking Corp increased its position in Kilroy Realty by 2.1% in the 4th quarter. Westpac Banking Corp now owns 35,609 shares of the real estate investment trust’s stock valued at $1,419,000 after acquiring an additional 735 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Kilroy Realty by 36.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 772 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $31.36 on Thursday. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.30 and a quick ratio of 3.30. The business’s 50 day simple moving average is $33.04 and its 200-day simple moving average is $35.71. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.02 and a beta of 1.03.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Friday, June 28th. Kilroy Realty’s payout ratio is currently 124.14%.

Wall Street Analyst Weigh In

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

Insider Activity at Kilroy Realty

In related 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 owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a filing with the SEC, which is available through this link. In related 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 owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

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.