Kilroy Realty Co. (NYSE:KRC) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,854 shares of the real estate investment trust’s stock after purchasing an additional 9,961 shares during the period. Wolverine Asset Management LLC’s holdings in Kilroy Realty were worth $3,190,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the third quarter valued at $34,000. GAMMA Investing LLC increased its holdings 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 valued at $75,000 after purchasing an additional 374 shares during the period. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 607 shares during the period. Versant Capital Management Inc increased its holdings in shares of Kilroy Realty by 14.8% during 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 purchasing an additional 336 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Kilroy Realty by 113.6% during the third quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,549 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, 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 SEC, which is available through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRC shares. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 target price on shares of Kilroy Realty in a report on Monday, February 10th. The Goldman Sachs Group lowered their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. Finally, Barclays lowered their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.27.

Kilroy Realty Trading Down 2.3 %

NYSE:KRC opened at $32.71 on Friday. 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 1-year low of $30.71 and a 1-year high of $43.78. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.48 and a beta of 1.02. The stock has a fifty day simple moving average of $38.35 and a 200 day simple moving average of $38.37.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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%. Sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.60%. Kilroy Realty’s payout ratio is presently 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.