Kilroy Realty Co. (NYSE:KRC) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 62.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,475 shares of the real estate investment trust's stock after selling 12,405 shares during the period. Tidal Investments LLC's holdings in Kilroy Realty were worth $289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock worth $84,045,000 after buying an additional 27,660 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kilroy Realty by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust's stock worth $53,622,000 after acquiring an additional 42,811 shares during the last quarter. Federated Hermes Inc. raised its position in Kilroy Realty by 3.8% in the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust's stock valued at $42,853,000 after purchasing an additional 50,619 shares during the period. AQR Capital Management LLC lifted its stake in shares of Kilroy Realty by 45.9% in the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust's stock valued at $26,393,000 after purchasing an additional 267,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust's stock worth $32,933,000 after purchasing an additional 689,962 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KRC has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Barclays lifted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Evercore ISI upped their price target 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. Finally, Scotiabank lowered shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.63.

Kilroy Realty Stock Up 2.7 %

KRC stock traded up $1.11 during mid-day trading on Wednesday, reaching $41.88. The company had a trading volume of 455,739 shares, compared to its average volume of 1,068,426. The firm has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $37.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 25.08 and a beta of 1.03. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million for the quarter, compared to analysts' expectations of $275.77 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The firm's quarterly revenue was up 2.2% on a year-over-year basis. Analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.16%. Kilroy Realty's dividend payout ratio (DPR) is currently 129.34%.

Insider Buying and Selling

In related news, insider Heidi Rena Roth sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company's stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.49% of the company's stock.

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.