Kilroy Realty Co. (NYSE:KRC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 19.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,769 shares of the real estate investment trust's stock after selling 39,653 shares during the quarter. Alliancebernstein L.P. owned 0.14% of Kilroy Realty worth $6,827,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $366,356,000. abrdn plc raised its position in Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock worth $16,216,000 after acquiring an additional 376,743 shares during the period. Principal Financial Group Inc. raised its position 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 acquiring an additional 218,163 shares during the period. Prudential Financial Inc. lifted 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 valued at $63,862,000 after purchasing an additional 187,712 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at about $3,621,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Trading Up 0.8 %

Kilroy Realty stock traded up $0.26 during midday trading on Thursday, hitting $31.49. 321,187 shares of the stock were exchanged, compared to its average volume of 1,206,138. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock's 50-day simple moving average is $33.16 and its 200 day simple moving average is $37.48. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.87 and a beta of 1.04.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio is presently 122.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KRC. JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Finally, KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $38.82.

Insider Transactions at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction 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 owns 12,528 shares in the company, valued at $440,484.48. This 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.