Kilroy Realty Co. (NYSE:KRC) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its holdings in Kilroy Realty Co. (NYSE:KRC) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,457 shares of the real estate investment trust’s stock after buying an additional 41,356 shares during the quarter. Bank of America Corp DE owned about 0.39% of Kilroy Realty worth $18,787,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KRC. Ameriprise Financial Inc. grew its holdings in shares of Kilroy Realty by 9.6% in the 4th quarter. Ameriprise Financial Inc. now owns 193,835 shares of the real estate investment trust’s stock worth $7,841,000 after acquiring an additional 16,959 shares during the period. AXA S.A. grew its holdings in Kilroy Realty by 73.6% in the fourth quarter. AXA S.A. now owns 325,666 shares of the real estate investment trust’s stock valued at $13,173,000 after purchasing an additional 138,032 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Kilroy Realty by 466.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 48,062 shares of the real estate investment trust’s stock valued at $1,944,000 after purchasing an additional 39,579 shares during the last quarter. Northern Trust Corp increased its position in shares of Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock valued at $84,802,000 after buying an additional 1,085,914 shares in the last quarter. Finally, Landmark Investment Partners L.P. acquired a new position in shares of Kilroy Realty during the 4th quarter worth $24,912,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

NYSE KRC opened at $32.79 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.88 billion, a PE ratio of 18.53 and a beta of 1.16. The business’s 50-day moving average price is $32.11 and its 200 day moving average price is $36.13. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data 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). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company had revenue of $270.84 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter in the previous year, the company earned $1.11 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.59%. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

Analyst Ratings Changes

A number of brokerages recently commented on KRC. 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 price objective on the stock. Royal Bank of Canada lowered their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price 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. Finally, Wells Fargo & Company dropped their price target on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.64.

Insider Activity

In other news, CEO Angela M. Aman bought 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Company 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.