Infrastructure Capital Advisors LLC Has $2.91 Million Stock Position in Kilroy Realty Co. (NYSE:KRC)

Infrastructure Capital Advisors LLC increased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 45.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,093 shares of the real estate investment trust’s stock after buying an additional 23,341 shares during the period. Infrastructure Capital Advisors LLC owned 0.06% of Kilroy Realty worth $2,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KRC. PGGM Investments lifted its position in Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kilroy Realty by 1.3% during 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 period. Dimensional Fund Advisors LP lifted its position in Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after purchasing an additional 42,811 shares during the period. Federated Hermes Inc. lifted its position in Kilroy Realty by 3.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock valued at $42,853,000 after purchasing an additional 50,619 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its position in Kilroy Realty by 17.3% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 860,214 shares of the real estate investment trust’s stock valued at $31,338,000 after purchasing an additional 127,036 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KRC. Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.43.

Insider Buying and Selling

In other news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,628 shares of company stock valued at $729,900. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $42.05 on Friday. The stock has a 50-day moving average of $40.03 and a 200-day moving average of $36.11. Kilroy Realty Co. has a one year low of $29.88 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market cap of $4.96 billion, a PE ratio of 25.18 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same period in the previous year, the company posted $1.12 earnings per share. Kilroy Realty’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.14%. Kilroy Realty’s payout ratio is 129.34%.

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.