MetLife Investment Management LLC Purchases 5,190 Shares of Kilroy Realty Co. (NYSE:KRC)

MetLife Investment Management LLC lifted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 63,195 shares of the real estate investment trust’s stock after acquiring an additional 5,190 shares during the period. MetLife Investment Management LLC’s holdings in Kilroy Realty were worth $2,556,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its position in shares of Kilroy Realty by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust’s stock valued at $1,558,000 after purchasing an additional 1,747 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 25.4% during the fourth 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. US Bancorp DE boosted its position in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 14.8% during the fourth 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, Asset Management One Co. Ltd. boosted its position in shares of Kilroy Realty by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust’s stock valued at $6,376,000 after purchasing an additional 956 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Trading Down 0.6 %

Shares of NYSE:KRC opened at $32.39 on Monday. The company has a market cap of $3.83 billion, a P/E ratio of 18.30 and a beta of 1.04. 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 Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The stock’s fifty day moving average price is $32.71 and its 200-day moving average price is $37.18.

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

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KRC shares. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Evercore ISI dropped their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.82.

Insider Buying and Selling

In related news, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

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.