Edgestream Partners L.P. Takes Position in Kilroy Realty Co. (NYSE:KRC)

Edgestream Partners L.P. bought a new stake in Kilroy Realty Co. (NYSE:KRC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,806 shares of the real estate investment trust’s stock, valued at approximately $1,178,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in shares of Kilroy Realty in the first quarter valued at $26,000. Wiser Advisor Group LLC grew its holdings in shares of Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 305 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Kilroy Realty in the fourth quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Kilroy Realty by 2,510.7% in the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,406 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s 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 sale, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRC. Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Evercore ISI lifted their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. KeyCorp dropped their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Scotiabank decreased their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.40.

Kilroy Realty Stock Performance

KRC stock opened at $39.99 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The business has a 50-day moving average price of $35.42 and a 200 day moving average price of $34.26. The company has a market capitalization of $4.69 billion, a P/E ratio of 22.98 and a beta of 1.04. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.40%. Kilroy Realty’s dividend payout ratio (DPR) is presently 124.14%.

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.