Janus Henderson Group PLC Sells 301,394 Shares of Kilroy Realty Co. (NYSE:KRC)

Janus Henderson Group PLC lowered its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,366,202 shares of the real estate investment trust's stock after selling 301,394 shares during the quarter. Janus Henderson Group PLC owned 1.16% of Kilroy Realty worth $52,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. PGGM Investments increased its holdings in shares of Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock valued at $93,979,000 after acquiring an additional 1,385,692 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock valued at $84,045,000 after acquiring an additional 27,660 shares during the period. Dimensional Fund Advisors LP boosted its position in Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust's stock worth $53,622,000 after acquiring an additional 42,811 shares during the period. Federated Hermes Inc. increased its stake in shares of Kilroy Realty by 3.8% in the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust's stock worth $42,853,000 after acquiring an additional 50,619 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Kilroy Realty by 45.9% in the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust's stock worth $26,393,000 after acquiring an additional 267,825 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KRC. Scotiabank downgraded shares of 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. Barclays upped their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Evercore ISI upped their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.43.

Kilroy Realty Stock Down 0.3 %

Shares of KRC traded down $0.11 during trading hours on Friday, hitting $40.19. The stock had a trading volume of 677,109 shares, compared to its average volume of 1,054,261. The firm has a market capitalization of $4.74 billion, a P/E ratio of 23.98 and a beta of 1.03. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The firm has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $36.31. 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 issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.37%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty's payout ratio is 129.34%.

Insider Buying and Selling

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

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.