Geode Capital Management LLC increased its position in shares of Kilroy Realty Corp (NYSE:KRC) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,268,134 shares of the real estate investment trust’s stock after buying an additional 99,860 shares during the period. Geode Capital Management LLC’s holdings in Kilroy Realty were worth $79,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Utah Retirement Systems raised its stake in Kilroy Realty by 0.9% during the 4th quarter. Utah Retirement Systems now owns 21,997 shares of the real estate investment trust’s stock valued at $1,383,000 after purchasing an additional 200 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Kilroy Realty during the 4th quarter valued at $25,000. Parallel Advisors LLC raised its stake in Kilroy Realty by 471.7% during the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 434 shares during the last quarter. Bridgewater Associates LP raised its stake in Kilroy Realty by 6.6% during the 3rd quarter. Bridgewater Associates LP now owns 13,237 shares of the real estate investment trust’s stock valued at $949,000 after purchasing an additional 820 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Kilroy Realty by 1.2% during the 4th quarter. Arizona State Retirement System now owns 72,310 shares of the real estate investment trust’s stock valued at $4,547,000 after purchasing an additional 842 shares during the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.

In other news, COO Jeffrey C. Hawken sold 30,516 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $73.28, for a total value of $2,236,212.48. Following the completion of the transaction, the chief operating officer now owns 385,049 shares in the company, valued at approximately $28,216,390.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tyler H. Rose sold 20,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the completion of the transaction, the chief financial officer now owns 125,132 shares of the company’s stock, valued at approximately $9,080,829.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,799 shares of company stock valued at $4,382,528. Corporate insiders own 2.22% of the company’s stock.

Several research firms recently commented on KRC. ValuEngine cut shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Robert W. Baird upgraded shares of Kilroy Realty from a “neutral” rating to an “outperform” rating and upped their target price for the company from $82.00 to $86.00 in a research note on Friday, March 1st. Wells Fargo & Co cut shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and cut their target price for the company from $82.00 to $72.00 in a research note on Tuesday, December 11th. Finally, Goldman Sachs Group upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $81.00 in a research note on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.86.

Shares of KRC stock opened at $74.98 on Thursday. Kilroy Realty Corp has a 52-week low of $59.05 and a 52-week high of $77.73. The firm has a market capitalization of $7.48 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.76 and a beta of 0.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.11). Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The business had revenue of $190.80 million during the quarter, compared to analyst estimates of $185.19 million. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Kilroy Realty Corp will post 3.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, March 28th. Kilroy Realty’s dividend payout ratio is 52.30%.

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Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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