Vert Asset Management LLC Buys 1,060 Shares of Kilroy Realty Co. (NYSE:KRC)

Vert Asset Management LLC grew its stake in Kilroy Realty Co. (NYSE:KRC) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,060 shares of the real estate investment trust’s stock after buying an additional 1,060 shares during the period. Vert Asset Management LLC’s holdings in Kilroy Realty were worth $1,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KRC. Pictet Asset Management Holding SA boosted its holdings in shares of Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 1,747 shares in the last quarter. US Bancorp DE boosted its stake in Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 317 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Kilroy Realty by 0.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust’s stock worth $6,376,000 after buying an additional 956 shares in the last quarter. Sanctuary Advisors LLC grew its position in Kilroy Realty by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 347 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Kilroy Realty by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 27,230 shares of the real estate investment trust’s stock worth $1,101,000 after acquiring an additional 4,052 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on KRC shares. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada dropped their price objective on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. Finally, Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.10.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. The trade was a 24.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Price Performance

KRC stock opened at $34.98 on Monday. The stock has a market cap of $4.14 billion, a PE ratio of 19.76 and a beta of 1.18. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a 50-day moving average price of $31.72 and a 200 day moving average price of $35.49. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. Equities research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.18%. Kilroy Realty’s dividend payout ratio is presently 128.57%.

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.