Centersquare Investment Management LLC Trims Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Centersquare Investment Management LLC lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,289,841 shares of the real estate investment trust's stock after selling 398,772 shares during the period. Centersquare Investment Management LLC owned about 1.09% of Kilroy Realty worth $52,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock worth $2,768,000 after purchasing an additional 276 shares during the last quarter. Choreo LLC grew its holdings in Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock worth $358,000 after acquiring an additional 278 shares during the period. M&T Bank Corp raised its position in shares of Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock worth $926,000 after acquiring an additional 293 shares in the last quarter. US Bancorp DE lifted its stake in shares of Kilroy Realty by 3.4% in the 4th 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 during the period. Finally, FMR LLC grew its stake in Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after purchasing an additional 329 shares during the period. Institutional investors own 94.22% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KRC. Mizuho restated a "neutral" rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. Royal Bank of Canada dropped 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, March 10th. Evercore ISI reduced their target price on 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. Finally, KeyCorp dropped their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and an average target price of $38.82.

Insiders Place Their Bets

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.49% of the company's stock.

Kilroy Realty Stock Down 3.1 %

Shares of KRC stock traded down $0.89 during trading hours on Wednesday, reaching $27.43. The company had a trading volume of 787,898 shares, compared to its average volume of 1,178,113. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 15.50 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 12 month low of $27.00 and a 12 month high of $43.78. The business has a fifty day simple moving average of $34.15 and a 200-day simple moving average of $37.87.

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

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Monday, March 31st. Kilroy Realty's dividend payout ratio is presently 122.03%.

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.