Versant Capital Management Inc Boosts Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Versant Capital Management Inc increased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,601 shares of the real estate investment trust’s stock after buying an additional 336 shares during the period. Versant Capital Management Inc’s holdings in Kilroy Realty were worth $105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at about $34,000. UMB Bank n.a. boosted its position in Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 540 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Kilroy Realty in the second quarter valued at approximately $46,000. Quarry LP purchased a new stake in shares of Kilroy Realty in the second quarter valued at approximately $55,000. Finally, GAMMA Investing LLC raised its stake in shares of Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity

In related news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KRC shares. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Thursday. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays boosted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $40.67.

Kilroy Realty Stock Up 2.0 %

KRC stock opened at $40.63 on Friday. The firm has a market cap of $4.80 billion, a PE ratio of 24.33 and a beta of 1.02. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm’s 50 day moving average price is $40.61 and its 200-day moving average price is $37.53.

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 the consensus estimate of $1.04 by ($0.60). The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. On average, equities research analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

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.