Penserra Capital Management LLC Acquires 6,975 Shares of Kilroy Realty Co. (NYSE:KRC)

Penserra Capital Management LLC grew its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,569 shares of the real estate investment trust’s stock after buying an additional 6,975 shares during the quarter. Penserra Capital Management LLC’s holdings in Kilroy Realty were worth $1,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its position in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 274 shares during the last quarter. Commerce Bank boosted its stake in shares of Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 342 shares during the period. GAMMA Investing LLC grew its holdings in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 371 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Kilroy Realty by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 383 shares during the period. Finally, Ballentine Partners LLC raised its holdings in Kilroy Realty by 3.2% during the 2nd quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 530 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on KRC. Barclays raised their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. Wells Fargo & Company lowered 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 objective on Kilroy Realty from $40.00 to $41.00 and gave the stock 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 issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $42.43 on Wednesday. Kilroy Realty Co. has a fifty-two week low of $29.72 and a fifty-two week high of $43.78. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 25.40 and a beta of 1.03. The stock’s 50 day simple moving average is $39.96 and its two-hundred day simple moving average is $36.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08.

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

Kilroy Realty Dividend Announcement

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

Insider Buying and Selling at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at $352,720. This trade represents a 22.96 % 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.

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.