Charles Schwab Investment Management Inc. Has $84.05 Million Position in Kilroy Realty Co. (NYSE:KRC)

Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty Co. (NYSE:KRC) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,171,717 shares of the real estate investment trust’s stock after acquiring an additional 27,660 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.84% of Kilroy Realty worth $84,045,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now 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 have sold a total of 17,628 shares of company stock valued at $729,900 in the last 90 days. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Performance

Shares of KRC opened at $42.05 on Thursday. Kilroy Realty Co. has a 52 week low of $29.88 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The stock has a 50 day moving average price of $40.00 and a two-hundred day moving average price of $36.07. The firm has a market capitalization of $4.96 billion, a P/E ratio of 25.18 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. Equities analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s payout ratio is 129.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KRC. Scotiabank lowered shares of 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. Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays raised their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and an average target price of $39.43.

About Kilroy Realty

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.