Vanguard Group Inc. Sells 271,510 Shares of Kilroy Realty Co. (NYSE:KRC)

Vanguard Group Inc. decreased its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,400,060 shares of the real estate investment trust's stock after selling 271,510 shares during the period. Vanguard Group Inc. owned about 13.89% of Kilroy Realty worth $663,382,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $34.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.82.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.55 during trading hours on Friday, hitting $30.01. The company's stock had a trading volume of 2,659,711 shares, compared to its average volume of 1,164,355. 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 Co. has a 12-month low of $28.66 and a 12-month high of $43.78. The business has a 50 day moving average price of $34.76 and a two-hundred day moving average price of $38.12. The company has a market cap of $3.55 billion, a PE ratio of 16.96 and a beta of 1.02.

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 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

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

Insiders Place Their Bets

In other news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Kilroy Realty Company 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.