Summit Trail Advisors LLC Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Summit Trail Advisors LLC bought a new position in shares of Kilroy Realty Co. (NYSE:KRC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 16,251 shares of the real estate investment trust’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Kilroy Realty by 13.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,096 shares of the real estate investment trust’s stock valued at $894,000 after buying an additional 2,687 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Kilroy Realty by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after acquiring an additional 276 shares in the last quarter. Vanderbilt University bought a new stake in shares of Kilroy Realty in the fourth quarter worth about $229,000. Choreo LLC raised its position in shares of Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Kilroy Realty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 308,937 shares of the real estate investment trust’s stock valued at $12,497,000 after purchasing an additional 845 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Down 2.7 %

Shares of NYSE:KRC opened at $35.78 on Wednesday. The company’s 50-day moving average price is $39.30 and its two-hundred day moving average price is $38.47. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market capitalization of $4.22 billion, a PE ratio of 21.42 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. On average, equities analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s payout ratio is presently 129.34%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho reissued a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Royal Bank of Canada restated a “sector perform” rating and set a $44.00 price objective on shares of Kilroy Realty in a report on Monday. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Evercore ISI lifted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.20.

Insider Buying and Selling

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.49% of the stock is owned by corporate insiders.

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.