Schroder Investment Management Group Cuts Stake in Kilroy Realty Co. (NYSE:KRC)

Schroder Investment Management Group reduced its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 980,458 shares of the real estate investment trust's stock after selling 42,258 shares during the period. Schroder Investment Management Group owned about 0.83% of Kilroy Realty worth $39,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Kilroy Realty in the third quarter valued at $34,000. GAMMA Investing LLC boosted its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 336 shares in the last quarter. Finally, KBC Group NV lifted its position in Kilroy Realty by 54.2% in the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock worth $195,000 after buying an additional 1,694 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KRC has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Evercore ISI dropped their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Trading Down 1.8 %

Shares of Kilroy Realty stock traded down $0.55 during midday trading on Friday, reaching $30.01. 2,659,711 shares of the company's stock traded hands, compared to its average volume of 1,165,816. The stock has a 50 day moving average of $34.76 and a 200-day moving average of $38.10. Kilroy Realty Co. has a 12 month low of $28.54 and a 12 month high of $43.78. The company has a market cap of $3.55 billion, a PE ratio of 16.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's dividend payout ratio is currently 122.03%.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at $440,484.48. This represents a 24.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is currently 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.