Foresight Group Ltd Liability Partnership lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 22.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 59,825 shares of the real estate investment trust's stock after selling 17,759 shares during the quarter. Kilroy Realty comprises about 1.0% of Foresight Group Ltd Liability Partnership's portfolio, making the stock its 16th largest holding. Foresight Group Ltd Liability Partnership owned approximately 0.05% of Kilroy Realty worth $2,315,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust's stock worth $115,220,000 after purchasing an additional 487,556 shares during the period. PGGM Investments increased its stake in shares of Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Kilroy Realty by 1.0% during the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust's stock worth $87,817,000 after purchasing an additional 24,855 shares during the period. Dimensional Fund Advisors LP increased its stake in Kilroy Realty by 2.6% during the 2nd 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 period. Finally, Janus Henderson Group PLC increased its stake in Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust's stock worth $59,991,000 after acquiring an additional 1,590,558 shares during the period. Institutional investors own 94.22% of the company's stock.
Insider Buying and Selling
In related news, EVP John Osmond sold 2,628 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was 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 $352,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP John Osmond sold 2,628 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company's stock, valued at $352,720. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares of the company's stock, valued at $1,033,335.14. The trade was a 0.00 % 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 corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on KRC. Scotiabank lowered their price objective on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. KeyCorp lowered their price objective on Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI raised their price objective on Kilroy Realty from $38.00 to $40.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company lowered their price objective on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and a consensus target price of $38.43.
View Our Latest Stock Analysis on KRC
Kilroy Realty Price Performance
Shares of KRC traded down $0.54 during mid-day trading on Wednesday, reaching $41.46. The company had a trading volume of 1,203,322 shares, compared to its average volume of 1,054,146. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.83 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. The company's 50 day simple moving average is $37.63 and its 200 day simple moving average is $34.89. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.78.
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 company had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same quarter in the prior year, the business earned $1.19 EPS. The business's quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Kilroy Realty Co. will post 4.26 EPS for the current year.
Kilroy Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.21%. Kilroy Realty's dividend payout ratio is currently 124.14%.
Kilroy Realty Profile
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Free Report)
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.
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