Van ECK Associates Corp Acquires 4,052 Shares of Kilroy Realty Co. (NYSE:KRC)

Van ECK Associates Corp boosted its holdings in Kilroy Realty Co. (NYSE:KRC) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,230 shares of the real estate investment trust’s stock after buying an additional 4,052 shares during the quarter. Van ECK Associates Corp’s holdings in Kilroy Realty were worth $1,101,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,037,000 after purchasing an additional 274 shares during the period. State of Alaska Department of Revenue increased its position in Kilroy Realty by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after purchasing an additional 276 shares during the period. Choreo LLC increased its position in Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 278 shares during the period. FMR LLC increased its position in Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 329 shares during the period. Finally, Versant Capital Management Inc increased its position in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of KRC opened at $32.71 on Friday. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The business’s fifty day moving average is $38.35 and its 200 day moving average is $38.37. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.86 billion, a P/E ratio of 18.48 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Mizuho reissued a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $41.27.

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.