Caxton Associates LP Sells 28,156 Shares of Kilroy Realty Co. (NYSE:KRC)

Caxton Associates LP reduced its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 70.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,829 shares of the real estate investment trust's stock after selling 28,156 shares during the period. Caxton Associates LP's holdings in Kilroy Realty were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA increased its holdings in Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock worth $1,558,000 after purchasing an additional 1,747 shares in the last quarter. GAMMA Investing LLC boosted 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 worth $75,000 after buying an additional 374 shares in the last quarter. US Bancorp DE boosted its position in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after purchasing an additional 317 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Kilroy Realty by 0.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust's stock valued at $6,376,000 after buying an additional 956 shares in the last quarter. Finally, HF Advisory Group LLC grew its stake in Kilroy Realty by 39.2% in the fourth quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust's stock valued at $1,579,000 after acquiring an additional 10,985 shares during the period. Institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KRC shares. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.82.

Insider Activity at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $30.82 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The business's 50 day simple moving average is $32.31 and its 200 day simple moving average is $36.72. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 17.41 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share 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 firm had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. During the same quarter in the previous year, the company posted $1.11 EPS. The firm's revenue was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date was Monday, March 31st. Kilroy Realty's payout ratio is currently 122.03%.

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.

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