Inspire Investing LLC Increases Position in Kilroy Realty Co. (NYSE:KRC)

Inspire Investing LLC increased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 194.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,640 shares of the real estate investment trust’s stock after purchasing an additional 24,865 shares during the quarter. Inspire Investing LLC’s holdings in Kilroy Realty were worth $1,457,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC lifted its position in shares of Kilroy Realty by 1.0% during the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after buying an additional 24,855 shares during the last quarter. Sei Investments Co. boosted its stake in Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after acquiring an additional 403,807 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Kilroy Realty by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 33,857 shares during the last quarter. PGGM Investments increased its position in shares of Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after purchasing an additional 1,385,692 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Kilroy Realty during the 1st quarter valued at $5,811,000. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 2.2 %

KRC stock opened at $38.88 on Monday. The company has a market capitalization of $4.56 billion, a P/E ratio of 22.34 and a beta of 1.04. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The firm’s fifty day simple moving average is $36.29 and its 200-day simple moving average is $34.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4.26 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.56%. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Analyst Upgrades and Downgrades

KRC has been the topic of several recent analyst reports. Scotiabank reduced their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. KeyCorp decreased their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Evercore ISI boosted their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.63.

Insider Transactions at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

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.