Van ECK Associates Corp Buys 4,052 Shares of Kilroy Realty Co. (NYSE:KRC)

Van ECK Associates Corp raised its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,230 shares of the real estate investment trust’s stock after acquiring an additional 4,052 shares during the period. Van ECK Associates Corp’s holdings in Kilroy Realty were worth $1,101,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the 3rd quarter worth $34,000. GAMMA Investing LLC grew its holdings in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 374 shares in the last quarter. Fifth Third Bancorp grew its holdings in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares in the last quarter. Versant Capital Management Inc grew its holdings in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Kilroy Realty by 113.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,549 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on KRC. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. The Goldman Sachs Group reduced their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 target price on shares of Kilroy Realty in a report on Monday, February 10th. Finally, Barclays cut their price objective on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $41.27.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is owned by insiders.

Kilroy Realty Stock Down 2.3 %

Shares of KRC opened at $32.71 on Friday. The firm has a market cap of $3.86 billion, a P/E ratio of 18.48 and a beta of 1.02. The stock has a 50 day simple moving average of $38.35 and a two-hundred day simple moving average of $38.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results 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 return on equity of 3.75% and a net margin of 18.58%. On average, analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.60%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is currently 122.03%.

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.