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

Sei Investments Co. cut its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 650,159 shares of the real estate investment trust's stock after selling 43,393 shares during the quarter. Sei Investments Co. owned 0.55% of Kilroy Realty worth $20,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KRC. Fidelis Capital Partners LLC bought a new position in shares of Kilroy Realty during the first quarter worth about $26,000. Wiser Advisor Group LLC raised its stake in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 305 shares during the period. Blue Trust Inc. boosted its holdings in shares of Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 1,270 shares during the period. Versant Capital Management Inc boosted its holdings in Kilroy Realty by 2,510.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,406 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Kilroy Realty in the second quarter worth approximately $46,000. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on KRC shares. Scotiabank decreased their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft cut their price target on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, May 30th. Finally, Evercore ISI upped their target price on Kilroy Realty from $38.00 to $40.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $38.40.

Kilroy Realty Stock Up 0.1 %

KRC stock traded up $0.03 during mid-day trading on Thursday, hitting $38.83. 1,018,305 shares of the company were exchanged, compared to its average volume of 1,056,358. The firm's 50 day simple moving average is $35.64 and its 200 day simple moving average is $34.31. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37. The firm has a market cap of $4.56 billion, a P/E ratio of 22.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same period in the prior year, the business posted $1.19 EPS. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.56%. Kilroy Realty's payout ratio is presently 124.14%.

Insider Activity at Kilroy Realty

In other news, EVP John Osmond sold 2,628 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Osmond sold 2,628 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

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.