Wolverine Asset Management LLC trimmed its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 45.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,893 shares of the real estate investment trust's stock after selling 58,441 shares during the quarter. Wolverine Asset Management LLC owned about 0.06% of Kilroy Realty worth $2,666,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of KRC. Texas Permanent School Fund Corp lifted its position in shares of Kilroy Realty by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 93,441 shares of the real estate investment trust's stock worth $3,404,000 after purchasing an additional 1,445 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Kilroy Realty by 298.9% in the first quarter. SG Americas Securities LLC now owns 44,357 shares of the real estate investment trust's stock valued at $1,616,000 after purchasing an additional 33,237 shares during the last quarter. Sei Investments Co. lifted its stake in Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust's stock worth $25,266,000 after purchasing an additional 403,807 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Kilroy Realty in the 1st quarter valued at about $243,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Kilroy Realty by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust's stock valued at $4,885,000 after buying an additional 33,857 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KRC has been the subject of a number of analyst reports. Evercore ISI increased their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Barclays raised 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. Finally, Scotiabank dropped their price target on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kilroy Realty currently has an average rating of "Hold" and an average target price of $39.43.
Check Out Our Latest Stock Analysis on KRC
Kilroy Realty Trading Down 3.7 %
Shares of KRC traded down $1.52 during mid-day trading on Tuesday, reaching $39.81. The company had a trading volume of 740,841 shares, compared to its average volume of 1,057,534. The firm has a fifty day simple moving average of $39.04 and a 200-day simple moving average of $35.56. Kilroy Realty Co. has a fifty-two week low of $27.39 and a fifty-two week high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 24.75 and a beta of 1.03.
Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same period in the previous year, the business posted $1.12 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.
Kilroy Realty Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date was Monday, September 30th. Kilroy Realty's dividend payout ratio is presently 129.34%.
Insider Transactions 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 stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's 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 sale, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $352,720. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.
About Kilroy Realty
(
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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