Assetmark Inc. Raises Stake in Kilroy Realty Co. (NYSE:KRC)

Assetmark Inc. lifted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,792 shares of the real estate investment trust’s stock after acquiring an additional 274 shares during the quarter. Assetmark Inc.’s holdings in Kilroy Realty were worth $1,037,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wiser Advisor Group LLC raised its holdings in shares of Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Kilroy Realty by 1,322.9% in the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,270 shares during the period. Versant Capital Management Inc boosted its stake in shares of Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Kilroy Realty during the second quarter valued at approximately $46,000. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Down 1.3 %

Shares of NYSE:KRC opened at $39.40 on Friday. Kilroy Realty Co. has a 52-week low of $29.72 and a 52-week high of $43.78. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 23.72 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $39.22 and a 200-day moving average price of $35.64.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s payout ratio is 129.34%.

Insider Buying and Selling

In related news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This trade represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. This trade represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Evercore ISI raised their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.43.

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.