Renaissance Technologies LLC Increases Stock Position in Kilroy Realty Co. (NYSE:KRC)

Renaissance Technologies LLC increased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 639.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 314,700 shares of the real estate investment trust’s stock after purchasing an additional 272,148 shares during the quarter. Renaissance Technologies LLC owned approximately 0.27% of Kilroy Realty worth $9,809,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in shares of 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 worth $196,000 after buying an additional 295 shares during the last quarter. Wiser Advisor Group LLC increased its position in shares of Kilroy Realty by 67.5% during the 1st 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 during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Kilroy Realty by 0.5% during 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 purchasing an additional 349 shares during the period. Ballentine Partners LLC boosted its holdings in shares of 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 worth $612,000 after buying an additional 438 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Kilroy Realty by 0.3% during the first quarter. New York State Teachers Retirement System now owns 150,996 shares of the real estate investment trust’s stock valued at $5,501,000 after buying an additional 501 shares during the period. 94.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KRC. 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 report on Monday, September 16th. 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 report on Wednesday, September 11th. Scotiabank lowered their target price on 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 cut their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, KeyCorp lowered their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.40.

Insider Buying and Selling

In other 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 transaction of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 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 company insiders.

Kilroy Realty Trading Down 0.1 %

Shares of KRC opened at $39.95 on Tuesday. Kilroy Realty Co. has a twelve month low of $26.78 and a twelve month high of $43.37. The stock has a market cap of $4.69 billion, a PE ratio of 22.96 and a beta of 1.04. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $35.51 and its 200-day moving average price is $34.26.

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). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same period last year, the company posted $1.19 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.41%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s dividend payout ratio is 124.14%.

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.