Federated Hermes Inc. Cuts Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Federated Hermes Inc. cut its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,305,788 shares of the real estate investment trust's stock after selling 89,799 shares during the quarter. Federated Hermes Inc. owned 1.11% of Kilroy Realty worth $52,819,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KRC. Ilmarinen Mutual Pension Insurance Co raised its position in shares of Kilroy Realty by 37.5% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 55,000 shares of the real estate investment trust's stock worth $2,225,000 after purchasing an additional 15,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of 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. Envestnet Asset Management Inc. lifted its position in Kilroy Realty by 39.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust's stock worth $1,182,000 after buying an additional 8,313 shares in the last quarter. Wells Fargo & Company MN boosted its position in Kilroy Realty by 7.5% during the fourth quarter. Wells Fargo & Company MN now owns 83,461 shares of the real estate investment trust's stock valued at $3,376,000 after purchasing an additional 5,845 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $1,732,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the business'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 transaction, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 company insiders.

Kilroy Realty Price Performance

Shares of KRC traded up $0.42 during trading hours on Friday, reaching $29.75. The stock had a trading volume of 1,871,283 shares, compared to its average volume of 1,197,562. The company's 50-day moving average is $33.52 and its two-hundred day moving average is $37.62. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The stock has a market capitalization of $3.51 billion, a PE ratio of 16.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

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 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%. Research 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. Investors of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 7.26%. Kilroy Realty's payout ratio is 122.03%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KRC. Evercore ISI reduced their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Wells Fargo & Company lowered Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.