Kilroy Realty Co. (NYSE:KRC) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,520 shares of the real estate investment trust’s stock after acquiring an additional 1,747 shares during the period. Pictet Asset Management Holding SA’s holdings in Kilroy Realty were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KRC. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC boosted its holdings in 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 buying an additional 374 shares in the last quarter. Fifth Third Bancorp grew its position in Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares during the period. Versant Capital Management Inc increased its holdings in 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 buying an additional 336 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 1,694 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KRC has been the topic of a number of analyst reports. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Mizuho reissued a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Evercore ISI reduced their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.82.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $30.01 on Friday. The company has a fifty day simple moving average of $34.76 and a 200-day simple moving average of $38.12. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 16.96 and a beta of 1.04. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 52-week low of $28.54 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data 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 net margin of 18.58% and a return on equity of 3.75%. On average, equities analysts anticipate that Kilroy Realty Co. will post 4 EPS 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 issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is currently 122.03%.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman purchased 2,797 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

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.