Kilroy Realty Co. (NYSE:KRC) Stake Lessened by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 63.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,458 shares of the real estate investment trust's stock after selling 16,777 shares during the quarter. Intech Investment Management LLC's holdings in Kilroy Realty were worth $366,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust's stock worth $37,000 after buying an additional 540 shares during the last quarter. Blue Trust Inc. lifted its position in Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 1,270 shares during the period. GAMMA Investing LLC lifted its position in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 371 shares during the period. Headlands Technologies LLC acquired a new stake in Kilroy Realty during the 2nd quarter worth approximately $46,000. Finally, Quarry LP acquired a new stake in Kilroy Realty during the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insiders Place Their Bets

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,628 shares of company stock worth $729,900 in the last quarter. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Trading Up 0.4 %

KRC stock traded up $0.16 during midday trading on Wednesday, hitting $40.60. The stock had a trading volume of 977,542 shares, compared to its average volume of 1,055,576. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company's 50-day moving average price is $40.10 and its 200 day moving average price is $36.26. The firm has a market cap of $4.79 billion, a PE ratio of 24.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million for the quarter, compared to analysts' expectations of $275.77 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.32%. Kilroy Realty's dividend payout ratio is currently 129.34%.

Wall Street Analyst Weigh In

KRC has been the subject of several recent analyst reports. Barclays raised their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Scotiabank cut Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. Finally, Evercore ISI lifted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and an average price target of $39.43.

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.