Bank of New York Mellon Corp Cuts Holdings in Kilroy Realty Co. (NYSE:KRC)

Bank of New York Mellon Corp lowered its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,055,645 shares of the real estate investment trust's stock after selling 15,532 shares during the quarter. Bank of New York Mellon Corp owned about 0.89% of Kilroy Realty worth $42,701,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty in the 3rd quarter worth about $34,000. GAMMA Investing LLC increased 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 period. Fifth Third Bancorp raised its position in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 607 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 336 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Kilroy Realty by 113.6% in the third quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust's stock valued at $113,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

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Kilroy Realty Trading Down 0.4 %

KRC stock traded down $0.14 during trading on Monday, reaching $33.18. The company had a trading volume of 2,271,090 shares, compared to its average volume of 1,448,285. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a market cap of $3.92 billion, a P/E ratio of 18.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50 day moving average of $36.82 and a 200 day moving average of $38.48.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.51%. Kilroy Realty's dividend payout ratio is presently 122.03%.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada cut their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday. Evercore ISI lowered their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.73.

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.