US Bancorp DE Acquires 317 Shares of Kilroy Realty Co. (NYSE:KRC)

US Bancorp DE boosted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,680 shares of the real estate investment trust’s stock after acquiring an additional 317 shares during the period. US Bancorp DE’s holdings in Kilroy Realty were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the third quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in shares of Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 374 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Kilroy Realty by 113.6% in the third quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KRC shares. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. Royal Bank of Canada lowered their price objective on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Evercore ISI dropped their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.73.

Kilroy Realty Price Performance

KRC stock opened at $32.92 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The firm has a market capitalization of $3.89 billion, a P/E ratio of 18.60 and a beta of 1.02. The business’s 50-day moving average is $36.37 and its two-hundred day moving average is $38.41.

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

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.56%. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

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.