HighTower Advisors LLC Sells 11,399 Shares of Kilroy Realty Co. (NYSE:KRC)

HighTower Advisors LLC decreased its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,178 shares of the real estate investment trust's stock after selling 11,399 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of Kilroy Realty worth $2,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kilroy Realty by 25.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,506 shares of the real estate investment trust's stock valued at $4,713,000 after acquiring an additional 23,750 shares during the period. AlphaQuest LLC increased its holdings in shares of Kilroy Realty by 2,597.5% during the 4th quarter. AlphaQuest LLC now owns 5,449 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 5,247 shares during the period. Freestone Capital Holdings LLC acquired a new position in shares of Kilroy Realty during the fourth quarter valued at about $1,432,000. Proficio Capital Partners LLC acquired a new position in shares of Kilroy Realty during the fourth quarter valued at about $1,404,000. Finally, M&T Bank Corp lifted its stake in shares of Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 293 shares during the period. Institutional investors own 94.22% of the company's stock.

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Insider Activity at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Trading Up 0.1 %

KRC traded up $0.04 during midday trading on Tuesday, reaching $35.05. 1,657,307 shares of the company were exchanged, compared to its average volume of 1,097,508. The stock has a market capitalization of $4.14 billion, a P/E ratio of 19.80 and a beta of 1.02. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The stock's 50-day simple moving average is $35.73 and its 200 day simple moving average is $38.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

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 for the quarter, beating 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%. As a group, analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KRC shares. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 target price for the company. Royal Bank of Canada lowered their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group cut their price objective on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and a consensus price target of $40.09.

About Kilroy Realty

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.