Commerce Bank Purchases 342 Shares of Kilroy Realty Co. (NYSE:KRC)

Commerce Bank increased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,574 shares of the real estate investment trust’s stock after acquiring an additional 342 shares during the period. Commerce Bank’s holdings in Kilroy Realty were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares in the last quarter. Blue Trust Inc. boosted its stake in Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,270 shares in the last quarter. Versant Capital Management Inc grew its position in Kilroy Realty by 2,510.7% in the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,406 shares during the last quarter. Headlands Technologies LLC acquired a new position in Kilroy Realty during the second quarter worth about $46,000. Finally, Quarry LP bought a new position in shares of Kilroy Realty in the second quarter worth about $55,000. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Up 1.0 %

NYSE KRC opened at $42.43 on Wednesday. The firm has a market capitalization of $5.01 billion, a PE ratio of 25.40 and a beta of 1.03. The business’s 50-day moving average price is $39.96 and its two-hundred day moving average price is $36.02. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 12 month low of $29.72 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the previous year, the company earned $1.12 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.09%. Kilroy Realty’s payout ratio is currently 129.34%.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. Finally, Evercore ISI increased their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus target price of $39.43.

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.