Hancock Whitney Corp Takes Position in Kilroy Realty Co. (NYSE:KRC)

Hancock Whitney Corp bought a new position in shares of Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,541 shares of the real estate investment trust’s stock, valued at approximately $790,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kilroy Realty during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc boosted its stake in Kilroy Realty by 14.8% in 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 acquiring an additional 336 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 worth $75,000 after purchasing an additional 374 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of Kilroy Realty by 22.3% during the fourth quarter. CWA Asset Management Group LLC now owns 15,038 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 2,737 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Kilroy Realty by 4.3% in the 4th quarter. Oliver Luxxe Assets LLC now owns 61,960 shares of the real estate investment trust’s stock valued at $2,506,000 after purchasing an additional 2,578 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $32.39 on Friday. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a fifty day moving average price of $32.71 and a 200 day moving average price of $37.19. The stock has a market cap of $3.83 billion, a PE ratio of 18.30 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data 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 return on equity of 3.75% and a net margin of 18.58%. Sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Mizuho reaffirmed 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. Royal Bank of Canada lowered their price target on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.82.

Insider Buying and Selling

In other news, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Angela M. Aman bought 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by company 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.