Stifel Financial Corp lessened its stake in Kilroy Realty Corp (NYSE:KRC) by 64.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,204 shares of the real estate investment trust’s stock after selling 5,900 shares during the period. Stifel Financial Corp’s holdings in Kilroy Realty were worth $200,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of KRC. Laurel Wealth Advisors LLC acquired a new position in Kilroy Realty in the 4th quarter valued at about $25,000. Parallel Advisors LLC increased its position in Kilroy Realty by 471.7% in the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 434 shares during the period. Oregon Public Employees Retirement Fund increased its position in Kilroy Realty by 6,188.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,412,206 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Kilroy Realty in the 3rd quarter valued at about $153,000. Finally, 361 Capital LLC acquired a new position in Kilroy Realty in the 4th quarter valued at about $570,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Several equities analysts recently issued reports on KRC shares. Deutsche Bank boosted their price target on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $81.00 in a research report on Monday, March 11th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $86.00 in a research report on Friday, March 1st. Finally, ValuEngine upgraded Kilroy Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.71.
Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.11). Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business had revenue of $190.80 million for the quarter, compared to analyst estimates of $185.19 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Kilroy Realty Corp will post 3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, March 28th. Kilroy Realty’s payout ratio is 52.30%.
In other news, insider Justin William Smart sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $76.71, for a total transaction of $383,550.00. Following the sale, the insider now owns 119,507 shares of the company’s stock, valued at approximately $9,167,381.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tyler H. Rose sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $72.57, for a total value of $1,451,400.00. Following the sale, the chief financial officer now directly owns 125,132 shares in the company, valued at approximately $9,080,829.24. The disclosure for this sale can be found here. Insiders have sold a total of 64,799 shares of company stock worth $4,766,078 in the last quarter. 2.26% of the stock is currently owned by insiders.
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Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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