Venturi Wealth Management LLC Acquires 1,963 Shares of Kilroy Realty Co. (NYSE:KRC)

Venturi Wealth Management LLC grew its position in shares of Kilroy Realty Co. (NYSE:KRC) by 67.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,875 shares of the real estate investment trust’s stock after acquiring an additional 1,963 shares during the quarter. Venturi Wealth Management LLC’s holdings in Kilroy Realty were worth $197,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KRC. Victory Capital Management Inc. raised its holdings in Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after purchasing an additional 709,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after purchasing an additional 689,962 shares during the last quarter. abrdn plc raised its holdings in Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after purchasing an additional 376,743 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock worth $10,861,000 after purchasing an additional 122,616 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

NYSE KRC opened at $32.71 on Friday. The company has a fifty day simple moving average of $38.35 and a 200 day simple moving average of $38.37. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.86 billion, a P/E ratio of 18.48 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) 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%. Sell-side analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on KRC shares. Mizuho restated a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research note on Monday, February 10th. The Goldman Sachs Group lowered their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI lowered their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.27.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.49% of the company’s stock.

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.