Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,960 shares of the real estate investment trust’s stock after acquiring an additional 2,578 shares during the period. Oliver Luxxe Assets LLC owned about 0.05% of Kilroy Realty worth $2,506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings 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 worth $84,045,000 after purchasing an additional 27,660 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $53,622,000 after acquiring an additional 42,811 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Kilroy Realty by 3.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after purchasing an additional 50,619 shares during the last quarter. AQR Capital Management LLC grew its stake in Kilroy Realty by 45.9% in the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock worth $26,393,000 after purchasing an additional 267,825 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kilroy Realty by 428.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty 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 transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction 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 Upgrades and Downgrades

KRC has been the topic of a number of research analyst reports. Barclays increased their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $45.00 to $41.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.67.

Kilroy Realty Stock Performance

KRC stock traded down $0.94 during trading on Monday, reaching $39.69. 345,138 shares of the company’s stock were exchanged, compared to its average volume of 671,327. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The firm has a market cap of $4.69 billion, a PE ratio of 23.77 and a beta of 1.02. The company’s fifty day moving average price is $40.61 and its 200-day moving average price is $37.57. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s dividend 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.