Frank Rimerman Advisors LLC Purchases Shares of 17,871 Kilroy Realty Co. (NYSE:KRC)

Frank Rimerman Advisors LLC acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,871 shares of the real estate investment trust’s stock, valued at approximately $557,000.

Several other large investors have also recently modified their holdings of KRC. Centersquare Investment Management LLC increased its stake in Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after purchasing an additional 24,855 shares during the period. Sei Investments Co. increased its stake in shares of Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares during the period. Russell Investments Group Ltd. raised its holdings in Kilroy Realty by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock valued at $4,885,000 after buying an additional 33,857 shares during the last quarter. APG Asset Management US Inc. boosted its position in Kilroy Realty by 5.0% during the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after buying an additional 255,835 shares during the period. Finally, PGGM Investments grew its holdings in Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after acquiring an additional 1,385,692 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Down 0.1 %

NYSE:KRC opened at $39.95 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The firm’s 50-day moving average price is $35.51 and its 200-day moving average price is $34.26. The company has a market capitalization of $4.69 billion, a PE ratio of 22.96 and a beta of 1.04. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same period in the prior year, the business posted $1.19 EPS. Kilroy Realty’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts predict that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.41%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KRC. Evercore ISI upped their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. KeyCorp lowered their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank cut their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.40.

Insider Activity

In related news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Company 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.