Hanson & Doremus Investment Management Purchases 6,375 Shares of Kilroy Realty Co. (NYSE:KRC)

Hanson & Doremus Investment Management increased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,750 shares of the real estate investment trust’s stock after buying an additional 6,375 shares during the period. Hanson & Doremus Investment Management owned 0.09% of Kilroy Realty worth $3,333,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Kilroy Realty during the 4th quarter worth $49,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty in the 4th quarter valued at $82,000. FIL Ltd boosted its holdings in Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 1,184 shares during the period. Fifth Third Bancorp boosted its holdings in Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 1,775 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Kilroy Realty by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 1,963 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Down 2.1%

Shares of Kilroy Realty stock opened at $35.19 on Monday. The stock has a market capitalization of $4.16 billion, a P/E ratio of 19.88 and a beta of 1.18. 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 company has a 50-day simple moving average of $32.24 and a 200 day simple moving average of $35.28. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The firm had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 EPS. Research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.14%. The ex-dividend date is Monday, June 30th. Kilroy Realty’s payout ratio is presently 128.57%.

Insider Buying and Selling at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. This trade represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRC. Royal Bank of Canada reduced their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Finally, Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.10.

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.