Koss Olinger Consulting LLC Lowers Holdings in Kilroy Realty Co. (NYSE:KRC)

Koss Olinger Consulting LLC trimmed its position in Kilroy Realty Co. (NYSE:KRC) by 22.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,961 shares of the real estate investment trust’s stock after selling 6,501 shares during the period. Koss Olinger Consulting LLC’s holdings in Kilroy Realty were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kilroy Realty during the 3rd quarter worth $34,000. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 14.8% during the 4th 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 in the last quarter. Finally, KBC Group NV boosted its position in shares of Kilroy Realty by 54.2% during the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,694 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Trading Down 0.5 %

Shares of KRC stock opened at $34.15 on Wednesday. The firm has a 50-day moving average price of $35.88 and a 200 day moving average price of $38.34. Kilroy Realty Co. has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 19.29 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Research analysts forecast 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, April 9th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Analyst Upgrades and Downgrades

KRC has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $40.09.

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.