Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 37.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the real estate investment trust’s stock after acquiring an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Kilroy Realty were worth $2,225,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after purchasing an additional 276 shares during the period. Choreo LLC increased its holdings in Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 278 shares during the last quarter. M&T Bank Corp increased its stake in Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares during the last quarter. US Bancorp DE grew its position in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 317 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 329 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Price Performance

NYSE:KRC opened at $30.01 on Friday. The company has a market cap of $3.55 billion, a P/E ratio of 16.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s 50-day simple moving average is $34.76 and its 200 day simple moving average is $38.12. Kilroy Realty Co. has a 52-week low of $28.54 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.20%. Kilroy Realty’s payout ratio is currently 122.03%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KRC shares. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Finally, Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.82.

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.