Wolverine Asset Management LLC Grows Stock Position in Kilroy Realty Co. (NYSE:KRC)

Wolverine Asset Management LLC boosted its stake in Kilroy Realty Co. (NYSE:KRC) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,854 shares of the real estate investment trust’s stock after acquiring an additional 9,961 shares during the quarter. Wolverine Asset Management LLC owned about 0.07% of Kilroy Realty worth $3,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC raised its position in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Kilroy Realty by 31.7% in the 4th 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 in the last quarter. Versant Capital Management Inc raised its position in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Kilroy Realty by 113.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,549 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC opened at $32.71 on Friday. The business’s fifty day moving average price is $38.35 and its 200 day moving average price is $38.37. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The stock has a market capitalization of $3.86 billion, a PE ratio of 18.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Equities research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s payout ratio is 122.03%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and cut their target price for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Barclays cut their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group cut their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.27.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.49% of the stock is currently owned by company 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.