Proficio Capital Partners LLC Takes $1.40 Million Position in Kilroy Realty Co. (NYSE:KRC)

Proficio Capital Partners LLC purchased a new stake in Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,706 shares of the real estate investment trust’s stock, valued at approximately $1,404,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KRC. Pathstone Holdings LLC increased its stake in shares of Kilroy Realty by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust’s stock valued at $1,604,000 after purchasing an additional 1,186 shares during the last quarter. Commerce Bank increased its stake in shares of Kilroy Realty by 3.0% in the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 342 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 during the last quarter. Penserra Capital Management LLC increased its stake in shares of Kilroy Realty by 22.8% in the 3rd quarter. Penserra Capital Management LLC now owns 37,569 shares of the real estate investment trust’s stock valued at $1,453,000 after purchasing an additional 6,975 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Kilroy Realty by 364.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust’s stock valued at $6,010,000 after acquiring an additional 121,853 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Trading Down 0.2 %

NYSE KRC opened at $34.55 on Friday. The business’s 50-day moving average price is $35.78 and its two-hundred day moving average price is $38.29. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The firm has a market capitalization of $4.08 billion, a PE ratio of 19.52 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

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, beating 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%. On average, analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.25%. Kilroy Realty’s payout ratio is 122.03%.

Analysts Set New Price Targets

KRC has been the topic of several recent research reports. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $42.00 to $44.00 in a report on Thursday, February 27th. The Goldman Sachs Group cut their price objective on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Evercore ISI cut their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $43.00 to $35.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.09.

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.