AlphaQuest LLC Acquires 5,247 Shares of Kilroy Realty Co. (NYSE:KRC)

AlphaQuest LLC lifted its stake in Kilroy Realty Co. (NYSE:KRC) by 2,597.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,449 shares of the real estate investment trust’s stock after purchasing an additional 5,247 shares during the period. AlphaQuest LLC’s holdings in Kilroy Realty were worth $220,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in shares of Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after acquiring an additional 276 shares during the period. Choreo LLC increased its holdings in Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp raised its position in Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares in the last quarter. US Bancorp DE grew its position in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 317 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

KRC opened at $33.15 on Friday. The company has a market cap of $3.92 billion, a P/E ratio of 18.73 and a beta of 1.02. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $36.06 and its 200-day moving average price is $38.35. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.52%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman bought 2,797 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KRC shares. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Evercore ISI reduced their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.73.

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.