Kilroy Realty Co. (NYSE:KRC) Holdings Raised by Inspire Investing LLC

Inspire Investing LLC raised its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,775 shares of the real estate investment trust’s stock after buying an additional 1,632 shares during the period. Inspire Investing LLC’s holdings in Kilroy Realty were worth $398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KRC. Parallel Advisors LLC lifted its stake in Kilroy Realty by 6.4% in the fourth 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 last quarter. Wiser Advisor Group LLC grew its stake in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 305 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock worth $2,444,000 after acquiring an additional 349 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 383 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Kilroy Realty by 2.7% during the first 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. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KRC has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on 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 cut their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Scotiabank lowered their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, Wells Fargo & Company reduced their price target 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.40.

Kilroy Realty Trading Down 2.0 %

Shares of Kilroy Realty stock opened at $39.99 on Friday. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.37. The firm has a market capitalization of $4.69 billion, a PE ratio of 22.98 and a beta of 1.04. 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 company’s fifty day moving average price is $35.42 and its two-hundred day moving average price is $34.24.

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

Kilroy Realty Announces Dividend

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

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on 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 directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. The disclosure for this sale can be found here. 2.49% of the stock is owned by 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.