Squarepoint Ops LLC Sells 86,956 Shares of Kilroy Realty Co. (NYSE:KRC)

Squarepoint Ops LLC reduced its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 70.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,484 shares of the real estate investment trust's stock after selling 86,956 shares during the quarter. Squarepoint Ops LLC's holdings in Kilroy Realty were worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in shares of Kilroy Realty in the fourth quarter valued at about $366,356,000. Rush Island Management LP bought a new stake in Kilroy Realty in the 4th quarter valued at about $109,502,000. Bamco Inc. NY acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $58,747,000. 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 purchasing an additional 1,085,914 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Kilroy Realty by 1,226.2% in the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock valued at $32,987,000 after buying an additional 753,999 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. The trade was a 24.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents 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 owned by company insiders.

Analysts Set New Price Targets

KRC has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Wells Fargo & Company dropped their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $34.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kilroy Realty presently has an average rating of "Hold" and an average price target of $39.10.

Kilroy Realty Price Performance

Shares of KRC traded up $0.46 during mid-day trading on Wednesday, reaching $33.63. The company had a trading volume of 1,557,744 shares, compared to its average volume of 1,242,785. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 19.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company's 50 day simple moving average is $31.65 and its 200 day simple moving average is $35.56. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly 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). The company had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. Analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Monday, June 30th. Kilroy Realty's dividend payout ratio is currently 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.