Kilroy Realty Co. (NYSE:KRC) Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. reduced its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380,886 shares of the real estate investment trust's stock after selling 744,026 shares during the period. Kilroy Realty accounts for 1.3% of APG Asset Management US Inc.'s holdings, making the stock its 17th biggest holding. APG Asset Management US Inc. owned about 3.71% of Kilroy Realty worth $177,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Kilroy Realty during the fourth quarter worth $366,356,000. abrdn plc raised its holdings in shares of Kilroy Realty by 1,592.3% during the fourth 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. Russell Investments Group Ltd. boosted its holdings in Kilroy Realty by 150.3% in the fourth quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust's stock valued at $19,023,000 after purchasing an additional 282,391 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock worth $196,680,000 after acquiring an additional 218,163 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Kilroy Realty by 12.9% in the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust's stock valued at $63,862,000 after purchasing an additional 187,712 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insiders Place Their Bets

In related news, insider A. Robert Paratte sold 6,000 shares of the business'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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Stock Performance

NYSE:KRC traded up $0.47 during midday trading on Monday, reaching $30.23. The stock had a trading volume of 457,106 shares, compared to its average volume of 1,194,820. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.57 billion, a P/E ratio of 17.08 and a beta of 1.04. The firm has a fifty day simple moving average of $33.52 and a two-hundred day simple moving average of $37.62. Kilroy Realty Co. has a 12-month low of $27.07 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, equities analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 7.15%. Kilroy Realty's payout ratio is 122.03%.

Wall Street Analysts Forecast Growth

KRC has been the subject of several recent analyst reports. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $43.00 to $35.00 in a report on Monday, March 10th. Finally, Evercore ISI dropped their price objective 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $38.82.

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.