State Street Corp Lowers Stake in Kilroy Realty Co. (NYSE:KRC)

State Street Corp cut its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,658,407 shares of the real estate investment trust's stock after selling 24,947 shares during the quarter. State Street Corp owned approximately 4.79% of Kilroy Realty worth $222,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock valued at $84,045,000 after purchasing an additional 27,660 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $53,622,000 after acquiring an additional 42,811 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Kilroy Realty by 3.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust's stock valued at $42,853,000 after acquiring an additional 50,619 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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 acquiring an additional 267,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kilroy Realty by 428.5% in the third 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 valued at $32,933,000 after purchasing an additional 689,962 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on KRC. Barclays lifted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Evercore ISI boosted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Scotiabank lowered Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective on the stock. in a research report on Thursday, November 14th. Finally, Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.43.

Insider Activity at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,628 shares of company stock worth $729,900. 2.49% of the stock is currently owned by company insiders.

Kilroy Realty Price Performance

Kilroy Realty stock traded up $0.83 during trading on Thursday, reaching $41.76. The company had a trading volume of 383,702 shares, compared to its average volume of 1,049,326. The firm has a market capitalization of $4.93 billion, a PE ratio of 24.50 and a beta of 1.03. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The firm's 50-day simple moving average is $40.36 and its 200 day simple moving average is $36.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same period last year, the firm posted $1.12 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty's dividend payout ratio is presently 129.34%.

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.