Cerity Partners LLC Reduces Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Cerity Partners LLC lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 91.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,932 shares of the real estate investment trust's stock after selling 152,852 shares during the quarter. Cerity Partners LLC's holdings in Kilroy Realty were worth $539,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PGGM Investments raised its holdings in shares of Kilroy Realty by 85.0% in the second 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 in the last quarter. Waterfall Asset Management LLC purchased a new position in Kilroy Realty during the 2nd quarter valued at about $1,309,000. CWA Asset Management Group LLC bought a new stake in shares of Kilroy Realty in the 3rd quarter valued at about $476,000. Edgestream Partners L.P. bought a new stake in shares of Kilroy Realty in the 2nd quarter valued at about $1,178,000. Finally, International Assets Investment Management LLC lifted its position in shares of Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 13,096 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.11 during mid-day trading on Friday, reaching $40.19. 677,209 shares of the stock traded hands, compared to its average volume of 909,955. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average of $40.19 and a 200 day moving average of $36.39. The stock has a market capitalization of $4.74 billion, a PE ratio of 24.07 and a beta of 1.03. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 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 during the quarter, compared to analyst estimates of $275.77 million. During the same period in the prior year, the business posted $1.12 EPS. Kilroy Realty's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KRC. Scotiabank downgraded Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. Wells Fargo & Company cut their target price on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. Barclays increased their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Evercore ISI lifted their price objective on shares of 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.43.

Insider Activity

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value 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 $1,033,335.14. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Osmond sold 2,628 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,628 shares of company stock valued at $729,900 in the last 90 days. Company insiders own 2.49% of the company's stock.

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.