Algert Global LLC Cuts Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Algert Global LLC cut its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,356 shares of the real estate investment trust's stock after selling 27,246 shares during the quarter. Algert Global LLC owned 0.06% of Kilroy Realty worth $2,644,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KRC. AXA S.A. increased its position in shares of Kilroy Realty by 73.6% during the 4th quarter. AXA S.A. now owns 325,666 shares of the real estate investment trust's stock worth $13,173,000 after purchasing an additional 138,032 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Kilroy Realty by 466.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 48,062 shares of the real estate investment trust's stock worth $1,944,000 after buying an additional 39,579 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock worth $84,802,000 after buying an additional 1,085,914 shares in the last quarter. Landmark Investment Partners L.P. bought a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $24,912,000. Finally, Waterfront Capital Partners LLC acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $11,589,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KRC shares. Wells Fargo & Company cut Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $43.00 to $35.00 in a report on Monday, March 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $38.82.

Kilroy Realty Stock Performance

Shares of KRC traded down $0.38 during midday trading on Tuesday, reaching $32.00. 233,759 shares of the stock were exchanged, compared to its average volume of 1,226,297. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a market cap of $3.78 billion, a P/E ratio of 18.08 and a beta of 1.16. The stock's 50 day simple moving average is $32.16 and its 200 day simple moving average is $36.44. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. During the same period last year, the company posted $1.11 earnings per share. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.75%. Kilroy Realty's payout ratio is currently 128.57%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

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.