Versor Investments LP Purchases 10,100 Shares of Kilroy Realty Co. (NYSE:KRC)

Versor Investments LP boosted its position in Kilroy Realty Co. (NYSE:KRC) by 131.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,812 shares of the real estate investment trust’s stock after acquiring an additional 10,100 shares during the period. Versor Investments LP’s holdings in Kilroy Realty were worth $689,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Centersquare Investment Management LLC raised its stake in Kilroy Realty by 1.0% in the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after buying an additional 24,855 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Kilroy Realty by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after buying an additional 33,857 shares in the last quarter. PGGM Investments lifted its holdings in shares of Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares in the last quarter. Swedbank AB purchased a new stake in shares of Kilroy Realty during the first quarter valued at $5,811,000. Finally, Waterfall Asset Management LLC bought a new stake in Kilroy Realty in the 2nd quarter worth about $1,309,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

KRC stock opened at $39.93 on Thursday. Kilroy Realty Co. has a 52 week low of $29.66 and a 52 week high of $43.78. The firm has a market capitalization of $4.71 billion, a P/E ratio of 23.91 and a beta of 1.03. The company has a fifty day simple moving average of $39.13 and a two-hundred day simple moving average of $35.61. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. Analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is 129.34%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRC. Barclays boosted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Scotiabank lowered their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI lifted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.43.

Insider Activity

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction dated Wednesday, September 18th. The shares were 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

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.