Summit Trail Advisors LLC Purchases Shares of 16,251 Kilroy Realty Co. (NYSE:KRC)

Summit Trail Advisors LLC acquired a new stake in Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 16,251 shares of the real estate investment trust’s stock, valued at approximately $666,000.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its holdings in shares of Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 540 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares during the period. Fifth Third Bancorp grew its position in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 607 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 336 shares during the period. 94.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KRC. Evercore ISI boosted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Mizuho reaffirmed a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $44.00 target price on shares of Kilroy Realty in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $41.20.

Kilroy Realty Price Performance

KRC stock opened at $35.78 on Wednesday. The company’s 50-day moving average price is $39.30 and its two-hundred day moving average price is $38.47. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.22 billion, a P/E ratio of 21.42 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. On average, analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.04%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Insider Activity at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.49% of the stock is currently owned by insiders.

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.