GAMMA Investing LLC Boosts Stake in Kilroy Realty Co. (NYSE:KRC)

GAMMA Investing LLC increased its holdings in Kilroy Realty Co. (NYSE:KRC) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,848 shares of the real estate investment trust’s stock after acquiring an additional 374 shares during the quarter. GAMMA Investing LLC’s holdings in Kilroy Realty were worth $75,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after acquiring an additional 42,811 shares in the last quarter. Federated Hermes Inc. lifted its stake in Kilroy Realty by 3.8% during the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after purchasing an additional 50,619 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Kilroy Realty by 45.9% in the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock worth $26,393,000 after purchasing an additional 267,825 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $35.59 on Friday. The firm has a market cap of $4.20 billion, a P/E ratio of 21.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The stock’s 50-day moving average is $40.30 and its two-hundred day moving average is $37.77.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 EPS. Analysts predict that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is 129.34%.

Insider Buying and Selling

In other 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 transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KRC. Barclays boosted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. Jefferies Financial Group downgraded 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, January 2nd. Mizuho restated a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Evercore ISI raised their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.90.

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.