Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Kilroy Realty Co. (NYSE:KRC) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,408 shares of the real estate investment trust’s stock after buying an additional 3,436 shares during the period. Bank of Montreal Can’s holdings in Kilroy Realty were worth $785,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its stake in Kilroy Realty by 498.2% in the fourth quarter. Cerity Partners LLC now owns 83,345 shares of the real estate investment trust’s stock valued at $3,361,000 after purchasing an additional 69,413 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Kilroy Realty by 37.5% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 55,000 shares of the real estate investment trust’s stock valued at $2,225,000 after buying an additional 15,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Kilroy Realty by 150.3% in the 4th quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust’s stock valued at $19,023,000 after buying an additional 282,391 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Kilroy Realty by 39.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust’s stock worth $1,182,000 after acquiring an additional 8,313 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Kilroy Realty by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 83,461 shares of the real estate investment trust’s stock valued at $3,376,000 after acquiring an additional 5,845 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at $440,484.48. This represents a 24.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Kilroy Realty Stock Up 1.9 %

KRC opened at $31.81 on Friday. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The firm has a 50 day moving average price of $32.99 and a 200 day moving average price of $37.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $3.76 billion, a PE ratio of 17.97 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Sell-side analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.79%. Kilroy Realty’s payout ratio is currently 122.03%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KRC. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.82.

Kilroy Realty Profile

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.