Kilroy Realty Co. (NYSE:KRC) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,141 shares of the real estate investment trust’s stock after purchasing an additional 2,662 shares during the quarter. Bank of Montreal Can’s holdings in Kilroy Realty were worth $573,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KRC. Evergreen Capital Management LLC raised its holdings in Kilroy Realty by 27.1% during the second quarter. Evergreen Capital Management LLC now owns 10,725 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 2,287 shares in the last quarter. Waterfall Asset Management LLC acquired a new position in shares of Kilroy Realty during the 2nd quarter valued at $1,309,000. Frank Rimerman Advisors LLC bought a new stake in shares of Kilroy Realty in the 2nd quarter worth $557,000. Intech Investment Management LLC acquired a new stake in shares of Kilroy Realty in the second quarter valued at $818,000. Finally, Inspire Investing LLC boosted its stake in Kilroy Realty by 14.6% during the second quarter. Inspire Investing LLC now owns 12,775 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KRC. KeyCorp dropped their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. 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 research note on Wednesday, September 11th. Scotiabank decreased their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Evercore ISI upped their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average target price of $38.40.

Kilroy Realty Trading Down 0.5 %

Kilroy Realty stock opened at $37.57 on Wednesday. The company has a 50 day moving average price of $36.12 and a 200 day moving average price of $34.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. 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 $4.41 billion, a price-to-earnings ratio of 21.59 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Research analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is 124.14%.

Insider Buying and Selling

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

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.