Kilroy Realty Co. (NYSE:KRC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762,685 shares of the real estate investment trust's stock after selling 84,697 shares during the quarter. Legal & General Group Plc owned approximately 0.65% of Kilroy Realty worth $30,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KRC. FMR LLC grew its holdings in Kilroy Realty by 2.2% in the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock valued at $588,000 after buying an additional 329 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Kilroy Realty by 1.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,750 shares of the real estate investment trust's stock worth $5,215,000 after purchasing an additional 1,500 shares during the period. M&T Bank Corp increased its holdings in Kilroy Realty by 13.0% in the 3rd quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust's stock valued at $875,000 after purchasing an additional 2,594 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Kilroy Realty in the third quarter valued at about $203,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the third quarter worth about $34,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insider Activity

In other news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Angela M. Aman acquired 2,797 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KRC. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $43.00 to $35.00 in a report on Monday, March 10th. KeyCorp dropped their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Mizuho reiterated a "neutral" rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Stock Performance

Shares of KRC stock traded up $0.58 on Friday, hitting $31.81. 1,532,300 shares of the stock traded hands, compared to its average volume of 1,212,702. The company has a market capitalization of $3.76 billion, a PE ratio of 17.97 and a beta of 1.04. The company's fifty day moving average is $33.06 and its 200 day moving average is $37.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid 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 6.79%. Kilroy Realty's payout ratio is currently 122.03%.

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.