SG Americas Securities LLC Cuts Stake in Kilroy Realty Co. (NYSE:KRC)

SG Americas Securities LLC lessened its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,997 shares of the real estate investment trust's stock after selling 9,569 shares during the quarter. SG Americas Securities LLC's holdings in Kilroy Realty were worth $283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KRC. Bank of Montreal Can increased its holdings in shares of Kilroy Realty by 17.2% in the second quarter. Bank of Montreal Can now owns 18,141 shares of the real estate investment trust's stock valued at $573,000 after purchasing an additional 2,662 shares during the last quarter. Creative Planning increased its stake in Kilroy Realty by 10.4% during the second quarter. Creative Planning now owns 30,162 shares of the real estate investment trust's stock worth $940,000 after acquiring an additional 2,850 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Kilroy Realty during the second quarter worth $268,000. Handelsbanken Fonder AB increased its stake in Kilroy Realty by 19.0% during the third quarter. Handelsbanken Fonder AB now owns 31,274 shares of the real estate investment trust's stock worth $1,210,000 after acquiring an additional 5,000 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of KRC traded up $0.11 during midday trading on Friday, reaching $37.28. 1,509,360 shares of the stock were exchanged, compared to its average volume of 1,274,692. The business's 50-day moving average price is $39.39 and its 200 day moving average price is $38.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 22.32 and a beta of 1.02.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty's dividend payout ratio (DPR) is currently 129.34%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KRC. Evercore ISI raised their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Mizuho reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Jefferies Financial Group cut Kilroy Realty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Scotiabank lowered Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and a consensus target price of $40.70.

Insider Transactions at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.