Kilroy Realty Co. (NYSE:KRC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,401 shares of the real estate investment trust's stock after selling 173,299 shares during the quarter. Renaissance Technologies LLC's holdings in Kilroy Realty were worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty in the third quarter worth $34,000. Summit Securities Group LLC bought a new stake in Kilroy Realty in the fourth quarter worth $49,000. GAMMA Investing LLC lifted its position in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after buying an additional 374 shares during the last quarter. Fifth Third Bancorp lifted its position in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after buying an additional 607 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 336 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Up 1.1 %

Shares of NYSE KRC traded up $0.34 during trading on Monday, reaching $32.71. The stock had a trading volume of 775,528 shares, compared to its average volume of 1,223,371. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. 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 business's 50-day moving average price is $32.71 and its 200-day moving average price is $37.18. The company has a market cap of $3.87 billion, a P/E ratio of 18.48 and a beta of 1.04.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.60%. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty 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 $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRC. Evercore ISI decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, Royal Bank of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.82.

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.