Cresset Asset Management LLC Sells 54,643 Shares of Kilroy Realty Co. (NYSE:KRC)

Cresset Asset Management LLC reduced its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 90.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,796 shares of the real estate investment trust's stock after selling 54,643 shares during the quarter. Cresset Asset Management LLC's holdings in Kilroy Realty were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $366,356,000. Principal Financial Group Inc. grew its holdings in shares of Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after buying an additional 218,163 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after buying an additional 193,291 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after buying an additional 680,870 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kilroy Realty by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock valued at $89,015,000 after buying an additional 28,899 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Evercore ISI dropped 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. JPMorgan Chase & Co. dropped their target price 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, Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and an average price target of $38.64.

Insider Transactions at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Angela M. Aman acquired 2,797 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company's stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded down $0.22 on Friday, hitting $31.29. 1,290,609 shares of the company's stock were exchanged, compared to its average volume of 1,238,565. The company has a 50-day simple moving average of $31.96 and a 200-day simple moving average of $35.99. The stock has a market capitalization of $3.70 billion, a PE ratio of 17.68 and a beta of 1.16. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. 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 (NYSE:KRC - Get Free Report) last issued 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). The business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 EPS. As a group, equities analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Monday, June 30th. Kilroy Realty's dividend payout ratio is presently 128.57%.

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.