Kilroy Realty Co. (NYSE:KRC) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC trimmed its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,552 shares of the real estate investment trust's stock after selling 35,175 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.09% of Kilroy Realty worth $4,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KRC. Waterfront Capital Partners LLC purchased a new position in Kilroy Realty in the 4th quarter worth about $11,589,000. Hancock Whitney Corp purchased a new position in shares of Kilroy Realty in the fourth quarter worth approximately $790,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Kilroy Realty in the fourth quarter worth approximately $444,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after acquiring an additional 680,870 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in shares of Kilroy Realty by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 50,500 shares of the real estate investment trust's stock valued at $2,043,000 after acquiring an additional 15,109 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company's stock, valued at $3,013,486.56. This represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KRC shares. Mizuho reissued a "neutral" rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of "Hold" and an average target price of $38.82.

Kilroy Realty Stock Performance

Shares of KRC opened at $32.39 on Friday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 18.30 and a beta of 1.04. The company's fifty day moving average is $32.71 and its 200-day moving average is $37.19. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78.

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

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.67%. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

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.

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