Creative Planning Purchases 8,433 Shares of Kilroy Realty Co. (NYSE:KRC)

Creative Planning boosted its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 28.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,595 shares of the real estate investment trust’s stock after acquiring an additional 8,433 shares during the quarter. Creative Planning’s holdings in Kilroy Realty were worth $1,494,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC acquired a new stake in Kilroy Realty in the first quarter valued at $26,000. Wiser Advisor Group LLC lifted its stake 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 worth $28,000 after acquiring an additional 305 shares during the period. UMB Bank n.a. boosted its holdings in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares during the last quarter. Blue Trust Inc. increased its position in Kilroy Realty by 1,322.9% during the 2nd 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 during the period. Finally, Versant Capital Management Inc raised its holdings in Kilroy Realty by 2,510.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,406 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KRC. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Evercore ISI boosted their price objective on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Barclays boosted their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday. Scotiabank reduced their price objective on shares of 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, Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $39.29.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $41.30 on Wednesday. Kilroy Realty Co. has a twelve month low of $27.39 and a twelve month high of $43.78. The stock’s 50 day moving average is $38.09 and its 200-day moving average is $35.04. 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 firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 23.77 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.23%. Kilroy Realty’s dividend payout ratio (DPR) is currently 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.