JPMorgan Chase & Co. Reduces Position in Kilroy Realty Co. (NYSE:KRC)

JPMorgan Chase & Co. lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,242,802 shares of the real estate investment trust's stock after selling 47,039 shares during the period. JPMorgan Chase & Co. owned 1.05% of Kilroy Realty worth $50,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KRC. abrdn plc lifted its position in shares of Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock valued at $16,216,000 after acquiring an additional 376,743 shares during the period. Principal Financial Group Inc. raised its holdings in Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock worth $196,680,000 after buying an additional 218,163 shares during the last quarter. Prudential Financial Inc. raised its holdings in Kilroy Realty by 12.9% during the fourth quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust's stock worth $63,862,000 after buying an additional 187,712 shares during the last quarter. HighTower Advisors LLC raised its holdings in Kilroy Realty by 279.3% during the third quarter. HighTower Advisors LLC now owns 81,577 shares of the real estate investment trust's stock worth $3,159,000 after buying an additional 60,072 shares during the last quarter. Finally, Freestone Capital Holdings LLC acquired a new position in Kilroy Realty during the fourth quarter worth $1,432,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KRC shares. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price on the stock. KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Finally, Mizuho reiterated a "neutral" rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Trading Down 5.1 %

KRC stock traded down $1.57 during midday trading on Thursday, reaching $29.33. The company's stock had a trading volume of 194,938 shares, compared to its average volume of 1,598,820. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $37.76. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.57 and a beta of 1.04.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities research analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Kilroy Realty 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.